W. P. Carey (NYSE:WPC) Stock Rating Upgraded by BNP Paribas

W. P. Carey (NYSE:WPC) was upgraded by investment analysts at BNP Paribas to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on WPC. UBS Group dropped their target price on shares of W. P. Carey from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Finally, Barclays set a $61.00 price objective on W. P. Carey and gave the company an “underweight” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.40.

W. P. Carey Trading Up 0.2%

WPC stock opened at $63.41 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.06 and a beta of 0.80. The business has a fifty day simple moving average of $60.93 and a 200-day simple moving average of $59.12. W. P. Carey has a 52 week low of $52.91 and a 52 week high of $66.10.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to analysts’ expectations of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. W. P. Carey’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. On average, equities research analysts expect that W. P. Carey will post 4.87 EPS for the current year.

Institutional Trading of W. P. Carey

Large investors have recently modified their holdings of the business. Inspire Investing LLC boosted its holdings in W. P. Carey by 2.3% in the first quarter. Inspire Investing LLC now owns 24,482 shares of the real estate investment trust’s stock valued at $1,545,000 after purchasing an additional 547 shares during the last quarter. Invst LLC purchased a new position in shares of W. P. Carey during the 1st quarter valued at approximately $734,000. Modern Wealth Management LLC boosted its stake in shares of W. P. Carey by 29.6% during the 1st quarter. Modern Wealth Management LLC now owns 9,167 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 2,093 shares during the last quarter. Strs Ohio acquired a new stake in shares of W. P. Carey during the first quarter worth approximately $7,561,000. Finally, Intrua Financial LLC increased its stake in shares of W. P. Carey by 2.8% in the first quarter. Intrua Financial LLC now owns 8,285 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 228 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

About W. P. Carey

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.