Analysts Set W.P. Carey Inc. (NYSE:WPC) Price Target at $69.40

Shares of W.P. Carey Inc. (NYSE:WPC) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $70.00.

A number of equities analysts have issued reports on WPC shares. Citigroup increased their price target on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Evercore set a $74.00 target price on W.P. Carey in a research note on Tuesday. Barclays set a $65.00 price target on shares of W.P. Carey in a research report on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th.

W.P. Carey Stock Performance

WPC stock opened at $71.40 on Monday. The stock’s 50 day simple moving average is $67.94 and its 200 day simple moving average is $67.30. W.P. Carey has a 12-month low of $54.24 and a 12-month high of $74.72. The firm has a market cap of $15.65 billion, a P/E ratio of 33.84, a P/E/G ratio of 6.33 and a beta of 0.78. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating 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 business had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Wednesday, December 31st. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is 174.41%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in W.P. Carey in the 4th quarter worth approximately $26,000. MTM Investment Management LLC acquired a new position in shares of W.P. Carey during the second quarter worth approximately $28,000. Olistico Wealth LLC bought a new stake in shares of W.P. Carey in the fourth quarter valued at approximately $28,000. Finally, Headlands Technologies LLC acquired a new stake in shares of W.P. Carey in the second quarter worth $30,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

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.