W. P. Carey Inc. (NYSE:WPC) Receives $63.75 Average PT from Analysts

Shares of W. P. Carey Inc. (NYSE:WPC) have received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.75.

Several equities research analysts have commented on WPC shares. Scotiabank upped their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Evercore ISI raised their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Barclays raised their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company upped their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th.

W. P. Carey Trading Down 0.2 %

NYSE WPC opened at $63.01 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $13.79 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.06 and a beta of 0.95. W. P. Carey has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a 50-day moving average of $60.31 and a 200-day moving average of $58.39.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.65%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. W. P. Carey’s dividend payout ratio is presently 170.33%.

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. National Pension Service acquired a new stake in shares of W. P. Carey in the 4th quarter valued at about $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey during the fourth quarter valued at approximately $37,000. Millstone Evans Group LLC bought a new position in W. P. Carey during the 4th quarter worth approximately $37,000. Bessemer Group Inc. grew its position in shares of W. P. Carey by 118.6% in the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 402 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of W. P. Carey in the 3rd quarter valued at approximately $44,000. Institutional investors own 73.73% of the company’s stock.

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.