Analysts Set W.P. Carey Inc. (NYSE:WPC) Target Price at $77.83

W.P. Carey Inc. (NYSE:WPC) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $77.8333.

A number of research firms have weighed in on WPC. Barclays increased their price objective on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada increased their price objective on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their price target on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target for the company in a report on Monday, June 8th. Finally, Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th.

Insider Buying and Selling at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.

Institutional Trading of W.P. Carey

Hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $26,000. Olistico Wealth LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $28,000. Osbon Capital Management LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $29,000. Finally, Headlands Technologies LLC purchased a new stake in W.P. Carey during the second quarter valued at about $30,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Trading Up 0.7%

NYSE WPC opened at $73.87 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey has a 52 week low of $61.09 and a 52 week high of $76.97. The stock has a market capitalization of $16.45 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76. The firm has a 50 day moving average of $73.80 and a two-hundred day moving average of $70.80.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter in the previous year, the business posted $1.17 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, research analysts expect that W.P. Carey will post 5.04 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.94 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 158.97%.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.