W. P. Carey Inc. (NYSE:WPC – Get Free Report) has been assigned a consensus rating of “Reduce” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $63.36.
Several research analysts have commented on the company. Scotiabank reduced their price objective on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Royal Bank of Canada dropped their target price on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Barclays started coverage on W. P. Carey in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. Wells Fargo & Company dropped their target price on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 20th. Finally, StockNews.com started coverage on W. P. Carey in a research report on Thursday, January 4th. They set a “hold” rating on the stock.
Read Our Latest Report on W. P. Carey
Hedge Funds Weigh In On W. P. Carey
W. P. Carey Trading Down 1.3 %
WPC opened at $53.31 on Friday. The stock’s fifty day moving average is $56.36 and its two-hundred day moving average is $58.72. The company has a market capitalization of $11.67 billion, a P/E ratio of 16.15, a PEG ratio of 0.44 and a beta of 0.86. W. P. Carey has a 52 week low of $51.36 and a 52 week high of $74.66. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.89.
W. P. Carey (NYSE:WPC – Get Free Report) last released its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. The company had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. W. P. Carey’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Analysts forecast that W. P. Carey will post 4.57 earnings per share for the current year.
W. P. Carey Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.865 dividend. This represents a $3.46 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Wednesday, March 27th. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s payout ratio is currently 104.85%.
W. P. Carey Company Profile
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.
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