W.P. Carey (NYSE:WPC) Price Target Raised to $80.00

W.P. Carey (NYSE:WPC) had its price objective hoisted by analysts at Wells Fargo & Company from $77.00 to $80.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.73% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on WPC. UBS Group lifted their price objective on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Royal Bank Of Canada lifted their price objective on shares of 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. Scotiabank lifted their price objective on shares of W.P. Carey from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Citigroup lifted their price objective on shares of W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 17th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.00.

W.P. Carey Stock Down 2.0%

Shares of NYSE:WPC traded down $1.51 during trading on Monday, hitting $72.91. The company’s stock had a trading volume of 200,123 shares, compared to its average volume of 1,322,972. The business has a 50 day moving average price of $72.07 and a two-hundred day moving average price of $69.88. The company has a market capitalization of $16.24 billion, a PE ratio of 31.19, a P/E/G ratio of 3.20 and a beta of 0.76. 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 $61.09 and a fifty-two week high of $75.69.

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. The business had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. 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 5.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On W.P. Carey

Institutional investors and hedge funds have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in W.P. Carey in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new stake in W.P. Carey in the fourth quarter valued at $26,000. Olistico Wealth LLC purchased a new stake in W.P. Carey in the fourth quarter valued at $28,000. Osbon Capital Management LLC purchased a new stake in W.P. Carey in the fourth quarter valued at $29,000. Finally, Headlands Technologies LLC purchased a new stake in shares of W.P. Carey in the second quarter valued at about $30,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Company Profile

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.