W. P. Carey (NYSE:WPC) Stock Price Expected to Rise, Barclays Analyst Says

W. P. Carey (NYSE:WPC) had its price objective upped by equities researchers at Barclays from $56.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential downside of 7.22% from the stock’s current price.

Other equities analysts also recently issued reports about the company. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Scotiabank lowered their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and raised their target price for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Evercore ISI upped their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.88.

W. P. Carey Trading Up 0.7 %

W. P. Carey stock opened at $64.67 on Tuesday. W. P. Carey has a 1 year low of $52.91 and a 1 year high of $64.87. The firm’s 50-day moving average is $56.77 and its 200-day moving average is $57.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $14.15 billion, a P/E ratio of 30.94, a PEG ratio of 1.06 and a beta of 0.97.

Institutional Trading of W. P. Carey

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in W. P. Carey during the 4th quarter valued at $139,381,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in W. P. Carey by 660.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock worth $127,969,000 after acquiring an additional 1,784,131 shares in the last quarter. Demars Financial Group LLC boosted its position in W. P. Carey by 10,001.1% during the 4th quarter. Demars Financial Group LLC now owns 998,292 shares of the real estate investment trust’s stock worth $54,387,000 after acquiring an additional 988,409 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of W. P. Carey by 29.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust’s stock valued at $219,170,000 after purchasing an additional 906,622 shares during the period. Finally, Northern Trust Corp lifted its position in shares of W. P. Carey by 40.3% in the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust’s stock worth $143,894,000 after purchasing an additional 758,627 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

About W. P. Carey

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.