Brokerages Set W.P. Carey Inc. (NYSE:WPC) Target Price at $69.40

Shares of W.P. Carey Inc. (NYSE:WPC) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $70.00.

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, February 12th. Scotiabank upped their target price on shares of W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Citigroup raised their target price on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Barclays set a $65.00 price target on W.P. Carey in a report on Tuesday, January 13th.

Hedge Funds Weigh In On W.P. Carey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new position in shares of W.P. Carey in the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey in the 4th quarter valued at about $26,000. MTM Investment Management LLC acquired a new position in W.P. Carey in the 2nd quarter valued at about $28,000. Olistico Wealth LLC bought a new position in W.P. Carey in the 4th quarter valued at about $28,000. Finally, Headlands Technologies LLC acquired a new stake in W.P. Carey during the second quarter worth approximately $30,000. 73.73% of the stock is owned by institutional investors.

W.P. Carey Trading Up 0.8%

W.P. Carey stock opened at $72.35 on Monday. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 4.89 and a beta of 0.78. The firm has a 50-day moving average of $68.21 and a 200-day moving average of $67.37. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. W.P. Carey has a one year low of $54.24 and a one year high of $74.72.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. The business had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.W.P. Carey’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, equities analysts expect that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s payout ratio is presently 174.41%.

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.