W.P. Carey (NYSE:WPC – Get Free Report) was upgraded by stock analysts at Bank of America from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $83.00 target price on the real estate investment trust’s stock, up from their previous target price of $73.00. Bank of America‘s target price suggests a potential upside of 10.07% from the company’s current price.
Other analysts also recently issued reports about the company. Barclays upped their price objective on W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Scotiabank upped their price objective on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 17th. Wells Fargo & Company upped their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research report on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.45.
Check Out Our Latest Analysis on W.P. Carey
W.P. Carey Stock Down 1.7%
W.P. Carey (NYSE:WPC – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same period in the prior year, the business earned $1.17 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts predict that W.P. Carey will post 5.04 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Brian H. Zander sold 433 shares of the 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 directly owned 13,882 shares in the company, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.98% of the company’s stock.
Hedge Funds Weigh In On W.P. Carey
Several large investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC lifted its position in W.P. Carey by 2.5% during the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 145 shares during the period. Kestra Private Wealth Services LLC lifted its position in W.P. Carey by 0.7% during the first quarter. Kestra Private Wealth Services LLC now owns 21,474 shares of the real estate investment trust’s stock worth $1,459,000 after buying an additional 146 shares during the period. Gen Wealth Partners Inc lifted its position in W.P. Carey by 2.0% during the fourth quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 146 shares during the period. Turning Point Benefit Group Inc. lifted its position in W.P. Carey by 6.3% during the fourth quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 148 shares during the period. Finally, Brookwood Investment Group LLC lifted its position in W.P. Carey by 1.7% during the fourth quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 149 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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