Royal Bank Of Canada Raises W.P. Carey (NYSE:WPC) Price Target to $77.00

W.P. Carey (NYSE:WPC) had its price objective boosted by stock analysts at Royal Bank Of Canada from $73.00 to $77.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 5.22% from the stock’s current price.

WPC has been the subject of a number of other reports. BNP Paribas Exane upgraded shares of W.P. Carey from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $73.00 to $88.00 in a research note on Wednesday. Evercore set a $77.00 target price on shares of W.P. Carey in a research report on Thursday. UBS Group restated a “neutral” rating on shares of W.P. Carey in a report on Wednesday. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Monday, June 8th. Finally, Scotiabank cut their price objective on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $79.31.

W.P. Carey Stock Down 2.0%

Shares of NYSE WPC traded down $1.53 during mid-day trading on Thursday, reaching $73.18. 448,158 shares of the company traded hands, compared to its average volume of 1,409,890. The company’s fifty day moving average is $73.66 and its two-hundred day moving average is $72.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. W.P. Carey has a fifty-two week low of $63.08 and a fifty-two week high of $77.22. The stock has a market cap of $16.30 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.69. W.P. Carey had a return on equity of 7.92% and a net margin of 36.34%.The firm had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. During the same period in the previous year, the company earned $1.17 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts expect that W.P. Carey will post 5.06 earnings per share for the current year.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On W.P. Carey

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of W.P. Carey by 416.8% in the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after purchasing an additional 3,139,266 shares in the last quarter. Norges Bank acquired a new position in shares of W.P. Carey in the 4th quarter valued at $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of W.P. Carey by 31,629.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock valued at $139,229,000 after buying an additional 2,156,467 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of W.P. Carey by 1,183.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after acquiring an additional 1,042,334 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of W.P. Carey by 2,712.0% during the 2nd quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock valued at $48,128,000 after acquiring an additional 744,097 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Key W.P. Carey News

Here are the key news stories impacting W.P. Carey this week:

• Positive Sentiment: W.P. Carey exceeded second-quarter expectations, reporting funds from operations of $1.34 per share versus the $1.31 consensus estimate. Revenue rose 7% year over year to approximately $461.1 million, above the $452.8 million estimate, supported by investment activity and rent growth. W.P. Carey’s Q2 AFFO Beats Estimates on Investment Activity
• Positive Sentiment: Management raised its 2026 AFFO guidance to $5.19–$5.27 per share, with the midpoint matching the FactSet consensus estimate of $5.23. The company also increased its investment outlook, signaling confidence in continued external growth. W. P. Carey Q2 AFFO, Revenue Rise; Company Lifts 2026 Guidance
• Positive Sentiment: BNP Paribas upgraded WPC to “Outperform” following the strong quarter, adding potential analyst support for the stock. WP Carey upgraded to outperform at BNP Paribas after strong Q2
• Neutral Sentiment: Analysts remain constructive on WPC’s long-term re-rating potential, but the current valuation may limit near-term upside even as operating performance improves. W. P. Carey Continues To Impress, But Valuation Caps The Upside
• Negative Sentiment: Higher-for-longer interest rates remain a headwind for the REIT sector because they can raise financing costs and make dividend-oriented stocks less attractive. Investors are also monitoring property performance and the company’s ability to execute its investment strategy. Higher-For-Longer Rates Don’t Break This Long-Term Re-Rating Thesis

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.