W.P. Carey Inc. (NYSE:WPC) Receives $68.70 Average Price Target from Analysts

Shares of W.P. Carey Inc. (NYSE:WPC) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $68.70.

WPC has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. Evercore ISI lowered their target price on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Citigroup increased their target price on shares of W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $69.00 to $70.00 and gave the company a “sector perform” rating in a report on Wednesday, January 7th.

Institutional Investors Weigh In On W.P. Carey

A number of hedge funds have recently modified their holdings of the business. MTM Investment Management LLC acquired a new position in shares of W.P. Carey in the 2nd quarter valued at approximately $28,000. Olistico Wealth LLC bought a new position in W.P. Carey in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in shares of W.P. Carey in the third quarter valued at approximately $33,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of W.P. Carey during the third quarter worth $34,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

Shares of W.P. Carey stock opened at $68.57 on Thursday. The firm has a fifty day moving average of $66.40 and a two-hundred day moving average of $66.38. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 5.92 and a beta of 0.79. W.P. Carey has a 52 week low of $54.24 and a 52 week high of $70.28.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $431.30 million during the quarter, compared to analysts’ expectations of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. As a group, equities research analysts predict that W.P. Carey will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a yield of 5.4%. W.P. Carey’s payout ratio is presently 223.03%.

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.