W.P. Carey (NYSE:WPC) Upgraded to Outperform at Raymond James Financial

W.P. Carey (NYSE:WPC) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $76.00 target price on the real estate investment trust’s stock. Raymond James Financial’s price target would indicate a potential upside of 6.03% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Evercore set a $74.00 price objective on shares of W.P. Carey in a research report on Tuesday, February 17th. Barclays increased their target price on W.P. Carey from $65.00 to $68.00 and gave the company an “underweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.90.

W.P. Carey Stock Performance

Shares of WPC opened at $71.68 on Tuesday. The stock has a 50-day simple moving average of $70.83 and a 200-day simple moving average of $68.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market capitalization of $15.71 billion, a PE ratio of 33.97, a PEG ratio of 4.87 and a beta of 0.76. W.P. Carey has a 1 year low of $54.24 and a 1 year high of $75.69.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous 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, analysts predict that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On W.P. Carey

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC boosted its stake in W.P. Carey by 2.5% in the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 145 shares in the last quarter. Gen Wealth Partners Inc grew its holdings in shares of W.P. Carey by 2.0% during the fourth quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 146 shares during the last quarter. Turning Point Benefit Group Inc. increased its position in shares of W.P. Carey by 6.3% during the fourth quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 148 shares in the last quarter. Brookwood Investment Group LLC lifted its holdings in shares of W.P. Carey by 1.7% in the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 149 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its holdings in shares of W.P. Carey by 2.1% in the 3rd quarter. Austin Private Wealth LLC now owns 7,654 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 161 shares during the last quarter. 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.