W.P. Carey Inc. (NYSE:WPC) Receives Average Recommendation of “Hold” from Analysts

Shares of W.P. Carey Inc. (NYSE:WPC) have earned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $78.00.

A number of research analysts recently issued reports on WPC shares. 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 report on Thursday, April 30th. Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research note on Monday, June 8th. Scotiabank reduced their price target 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. Bank of America raised shares of W.P. Carey from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Finally, Wells Fargo & Company raised their price target on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $75.39 on Thursday. The firm has a market cap of $16.79 billion, a PE ratio of 32.22, a PEG ratio of 2.91 and a beta of 0.76. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey has a 1-year low of $62.99 and a 1-year high of $76.97. The company has a fifty day moving average price of $73.48 and a 200 day moving average price of $71.82.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Research analysts predict that W.P. Carey will post 5.06 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 Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.94 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.0%. W.P. Carey’s dividend payout ratio is currently 160.68%.

Insiders Place Their Bets

In related news, CAO Brian H. Zander sold 433 shares of the firm’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 transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On W.P. Carey

Large investors have recently modified their holdings of the business. Family Wealth Partners LLC increased its position in shares of W.P. Carey by 5.6% in the second quarter. Family Wealth Partners LLC now owns 10,884 shares of the real estate investment trust’s stock valued at $778,000 after acquiring an additional 575 shares during the last quarter. Handelsbanken Fonder AB boosted its position in W.P. Carey by 13.8% during the second quarter. Handelsbanken Fonder AB now owns 66,900 shares of the real estate investment trust’s stock valued at $4,783,000 after purchasing an additional 8,100 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in W.P. Carey in the second quarter valued at approximately $877,000. Revolve Wealth Partners LLC bought a new position in W.P. Carey in the second quarter valued at approximately $243,000. Finally, TOWER TRUST & INVESTMENT Co bought a new position in W.P. Carey in the second quarter valued at approximately $87,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

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.