W.P. Carey (NYSE:WPC) Price Target Raised to $80.00

W.P. Carey (NYSE:WPC) had its price target hoisted by investment analysts at Wells Fargo & Company from $77.00 to $80.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 9.73% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Barclays upped their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a report on Tuesday, May 19th. Royal Bank Of Canada upped their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Scotiabank upped their target price on shares of W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Citigroup boosted their price target 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, May 4th. Finally, Raymond James Financial upgraded shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Tuesday, March 17th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.00.

W.P. Carey Stock Performance

Shares of NYSE:WPC traded down $1.51 on Monday, reaching $72.91. The company’s stock had a trading volume of 200,123 shares, compared to its average volume of 1,322,972. The stock’s 50-day moving average is $72.07 and its two-hundred day moving average is $69.88. W.P. Carey has a 52-week low of $61.09 and a 52-week high of $75.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $16.24 billion, a P/E ratio of 31.19, a PEG ratio of 3.20 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last announced its 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 business had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s revenue 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. As a group, sell-side analysts forecast that W.P. Carey will post 5.02 EPS for the current year.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC acquired a new position in W.P. Carey during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey during the fourth quarter worth about $26,000. Olistico Wealth LLC acquired a new position in W.P. Carey during the fourth quarter worth about $28,000. Osbon Capital Management LLC acquired a new position in W.P. Carey during the fourth quarter worth about $29,000. Finally, Headlands Technologies LLC acquired a new position in W.P. Carey during the second quarter worth about $30,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

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.