Evercore ISI Issues Positive Forecast for W. P. Carey (NYSE:WPC) Stock Price

W. P. Carey (NYSE:WPC) had its price objective increased by equities research analysts at Evercore ISI from $60.00 to $64.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price points to a potential upside of 4.63% from the stock’s previous close.

A number of other equities analysts also recently commented on WPC. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $67.00 in a report on Tuesday. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Scotiabank lowered their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Barclays reduced their target price on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, February 4th. Finally, UBS Group decreased their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, W. P. Carey has a consensus rating of “Hold” and a consensus price target of $62.38.

W. P. Carey Stock Up 1.2 %

WPC stock opened at $61.17 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey has a 12-month low of $52.91 and a 12-month high of $64.26. The company has a 50 day moving average of $55.78 and a two-hundred day moving average of $57.64. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.04 and a beta of 0.97.

Institutional Trading of W. P. Carey

Large investors have recently made changes to their positions in the business. Creative Planning grew its stake in shares of W. P. Carey by 0.3% during the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. grew its position in shares of W. P. Carey by 64.8% during the 3rd quarter. Blue Trust Inc. now owns 1,559 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 613 shares during the period. Capital Investment Advisors LLC acquired a new position in W. P. Carey during the third quarter valued at approximately $204,000. Raymond James & Associates increased its position in shares of W. P. Carey by 2.8% in the 3rd quarter. Raymond James & Associates now owns 370,669 shares of the real estate investment trust’s stock valued at $23,093,000 after buying an additional 10,152 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of W. P. Carey by 70.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

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.