Analysts Set W.P. Carey Inc. (NYSE:WPC) Price Target at $77.83

W.P. Carey Inc. (NYSE:WPC) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.8333.

A number of research analysts recently commented on WPC shares. Scotiabank reduced their target price on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. UBS Group set a $76.00 price objective on W.P. Carey in a research report on Thursday, June 18th. Finally, Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $73.00 to $83.00 in a report on Tuesday, June 16th.

W.P. Carey Price Performance

WPC opened at $75.20 on Thursday. The firm has a 50-day moving average price of $73.44 and a 200-day moving average price of $71.67. W.P. Carey has a twelve month low of $61.67 and a twelve month high of $76.97. 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 has a market capitalization of $16.75 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.93 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company 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 company posted $1.17 EPS. The firm’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. Equities analysts expect that W.P. Carey will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.94 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a yield of 5.0%. W.P. Carey’s payout ratio is presently 160.68%.

Insider Activity at W.P. Carey

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

Institutional Investors Weigh In On W.P. Carey

Several hedge funds have recently made changes to their positions in WPC. Laurel Wealth Advisors LLC purchased a new stake in shares of W.P. Carey during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in W.P. Carey in the 4th quarter worth approximately $26,000. Olistico Wealth LLC bought a new position in W.P. Carey in the 4th quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new position in W.P. Carey in the 4th quarter valued at approximately $29,000. Finally, Headlands Technologies LLC purchased a new stake in W.P. Carey during the 2nd quarter valued at $30,000. 73.73% of the stock is currently owned by institutional investors.

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.