Analysts Set W.P. Carey Inc. (NYSE:WPC) Price Target at $67.89

W.P. Carey Inc. (NYSE:WPC) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $67.8889.

A number of research analysts have recently commented on WPC shares. Evercore ISI boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. UBS Group boosted their target price on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, September 5th. Royal Bank Of Canada boosted their price objective on W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th.

W.P. Carey Stock Performance

Shares of WPC opened at $66.76 on Friday. W.P. Carey has a 52-week low of $52.91 and a 52-week high of $69.79. The stock’s 50-day simple moving average is $67.44 and its 200 day simple moving average is $64.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.19 and a current ratio of 0.25. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm had revenue of $431.30 million for the quarter, compared to analysts’ expectations of $424.44 million. During the same period in the prior year, the business posted $1.18 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Research analysts forecast that W.P. Carey will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 5.5%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s dividend payout ratio is presently 220.61%.

Hedge Funds Weigh In On W.P. Carey

A number of large investors have recently modified their holdings of WPC. MTM Investment Management LLC purchased a new stake in W.P. Carey in the second quarter worth approximately $28,000. TCTC Holdings LLC grew its holdings in shares of W.P. Carey by 100.8% during the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of W.P. Carey during the 2nd quarter valued at $30,000. Cheviot Value Management LLC bought a new stake in W.P. Carey in the first quarter worth $37,000. Finally, V Square Quantitative Management LLC bought a new position in shares of W.P. Carey during the second quarter valued at about $40,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Company Profile

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.