W.P. Carey (NYSE:WPC) Upgraded at Raymond James Financial
by Teresa Graham · The Cerbat GemRaymond James Financial upgraded shares of W.P. Carey (NYSE:WPC – Free Report) from a market perform rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat reports. Raymond James Financial currently has $76.00 price objective on the real estate investment trust’s stock.
Other analysts also recently issued reports about the company. Scotiabank raised their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. UBS Group boosted their price target on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Barclays upped their price target on W.P. Carey from $65.00 to $68.00 and gave the company an “underweight” rating in a research report on Friday, March 13th. Evercore set a $74.00 target price on shares of W.P. Carey in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, W.P. Carey has an average rating of “Hold” and an average price target of $71.90.
W.P. Carey Trading Down 0.9%
Shares of WPC stock opened at $69.38 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 4.76 and a beta of 0.76. The firm’s 50 day moving average price is $71.09 and its two-hundred day moving average price is $68.25. W.P. Carey has a fifty-two week low of $54.24 and a fifty-two week high of $75.69.
W.P. Carey (NYSE:WPC – Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping 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 firm had revenue of $444.55 million during the quarter, compared to analysts’ expectations of $433.28 million. During the same period in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, analysts anticipate that W.P. Carey will post 4.87 EPS for the current year.
W.P. Carey Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.93 per share. The ex-dividend date is Tuesday, March 31st. This represents a $3.72 dividend on an annualized basis and a yield of 5.4%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is presently 174.41%.
Institutional Investors Weigh In On W.P. Carey
Several large investors have recently added to or reduced their stakes in WPC. Carnegie Investment Counsel grew its position in W.P. Carey by 9.4% in the 3rd quarter. Carnegie Investment Counsel now owns 208,638 shares of the real estate investment trust’s stock worth $14,098,000 after purchasing an additional 17,843 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of W.P. Carey by 89.9% during the third quarter. HB Wealth Management LLC now owns 20,946 shares of the real estate investment trust’s stock valued at $1,415,000 after buying an additional 9,918 shares during the last quarter. Tectonic Advisors LLC acquired a new position in shares of W.P. Carey during the third quarter worth approximately $11,016,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of W.P. Carey by 149.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 283,045 shares of the real estate investment trust’s stock worth $19,125,000 after buying an additional 169,755 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in W.P. Carey by 10.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock worth $25,150,000 after buying an additional 36,205 shares in the last quarter. 73.73% of the stock is 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.