Brokerages Set W.P. Carey Inc. REIT (WPC) Target Price at $72.00

Shares of W.P. Carey Inc. REIT (NYSE:WPC) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $72.00.

Several equities analysts have recently commented on WPC shares. Evercore ISI cut W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research note on Monday, December 11th. Zacks Investment Research cut W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Finally, Robert W. Baird started coverage on W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company.

Institutional investors have recently added to or reduced their stakes in the company. DF Dent & Co. Inc. lifted its stake in W.P. Carey Inc. REIT by 0.4% during the second quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock worth $381,000 after purchasing an additional 21 shares during the last quarter. Advisory Services Network LLC lifted its stake in W.P. Carey Inc. REIT by 0.5% during the second quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock worth $749,000 after purchasing an additional 52 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in W.P. Carey Inc. REIT by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 87 shares during the last quarter. Stellar Capital Management LLC lifted its stake in W.P. Carey Inc. REIT by 0.7% during the second quarter. Stellar Capital Management LLC now owns 36,582 shares of the real estate investment trust’s stock worth $2,415,000 after purchasing an additional 250 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its stake in W.P. Carey Inc. REIT by 7.8% during the second quarter. Suntrust Banks Inc. now owns 4,951 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 48.83% of the company’s stock.

W.P. Carey Inc. REIT (NYSE WPC) traded down $0.54 during midday trading on Tuesday, reaching $63.07. The company’s stock had a trading volume of 469,810 shares, compared to its average volume of 343,919. The stock has a market cap of $6,742.81, a PE ratio of 27.42, a PEG ratio of 3.42 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. W.P. Carey Inc. REIT has a 52-week low of $59.41 and a 52-week high of $72.41.

W.P. Carey Inc. REIT (NYSE:WPC) last released its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.21. The company had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $212.72 million. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. equities analysts anticipate that W.P. Carey Inc. REIT will post 4.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $1.01 per share. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.04 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio is 175.65%.

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About W.P. Carey Inc. REIT

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Analyst Recommendations for W.P. Carey Inc. REIT (NYSE:WPC)

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