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

W.P. Carey Inc. (NYSE:WPC) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $73.00.

A number of brokerages have weighed in on WPC. Scotiabank boosted 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 research note on Monday, March 2nd. Citigroup boosted their target price on shares of W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday. Evercore set a $74.00 target price on shares of W.P. Carey in a research note on Tuesday, February 17th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Tuesday, March 17th. Finally, UBS Group boosted their target price on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th.

Hedge Funds Weigh In On W.P. Carey

A number of institutional investors have recently modified their holdings of the stock. Mediolanum International Funds Ltd bought a new position in shares of W.P. Carey in the first quarter worth about $1,998,000. Advisortrust Partners LLC increased its stake in W.P. Carey by 9.1% in the first quarter. Advisortrust Partners LLC now owns 5,249 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 440 shares in the last quarter. Assetmark Inc. increased its position in shares of W.P. Carey by 2.6% during the first quarter. Assetmark Inc. now owns 26,159 shares of the real estate investment trust’s stock worth $1,778,000 after acquiring an additional 661 shares in the last quarter. Brummer Multi Strategy AB bought a new stake in shares of W.P. Carey during the first quarter worth $1,937,000. Finally, Independent Financial Group LLC bought a new stake in shares of W.P. Carey during the first quarter worth $1,167,000. 73.73% of the stock is owned by institutional investors.

W.P. Carey Price Performance

NYSE:WPC opened at $73.90 on Friday. The firm has a market cap of $16.46 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 3.14 and a beta of 0.77. W.P. Carey has a 12 month low of $59.34 and a 12 month high of $75.69. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $71.52 and its two-hundred day moving average price is $68.99.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period in the previous year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities analysts anticipate that W.P. Carey will post 5.02 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.93 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. W.P. Carey’s payout ratio is presently 158.97%.

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.