W.P. Carey Inc. (NYSE:WPC) Given Average Rating of “Hold” by Brokerages

W.P. Carey Inc. (NYSE:WPC) has earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $71.90.

A number of equities research analysts have recently weighed in on WPC shares. Royal Bank Of Canada boosted their target price on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. UBS Group raised their target price on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Evercore set a $74.00 price objective on shares of W.P. Carey in a report on Tuesday, February 17th. Scotiabank lifted their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. cut their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WPC. Advisors Capital Management LLC lifted its holdings in W.P. Carey by 6.4% during the second quarter. Advisors Capital Management LLC now owns 875,988 shares of the real estate investment trust’s stock worth $54,644,000 after acquiring an additional 52,660 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in shares of W.P. Carey by 9.4% during the 3rd quarter. Carnegie Investment Counsel now owns 208,638 shares of the real estate investment trust’s stock valued at $14,098,000 after purchasing an additional 17,843 shares in the last quarter. HB Wealth Management LLC increased its stake in W.P. Carey by 89.9% during the 3rd quarter. HB Wealth Management LLC now owns 20,946 shares of the real estate investment trust’s stock worth $1,415,000 after purchasing an additional 9,918 shares in the last quarter. Tectonic Advisors LLC acquired a new stake in W.P. Carey during the 3rd quarter worth approximately $11,016,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in W.P. Carey by 149.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 283,045 shares of the real estate investment trust’s stock valued at $19,125,000 after buying an additional 169,755 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Trading Down 0.9%

WPC opened at $69.38 on Friday. W.P. Carey has a 1-year low of $54.24 and a 1-year high of $75.69. The stock has a market capitalization of $15.21 billion, a PE ratio of 32.88, a PEG ratio of 4.76 and a beta of 0.76. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $71.09 and a two-hundred day moving average price of $68.25.

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

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio is presently 174.41%.

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.