W. P. Carey (NYSE:WPC – Get Free Report)‘s stock had its “market perform” rating reissued by analysts at JMP Securities in a research report issued to clients and investors on Friday, Benzinga reports.
WPC has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on shares of W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 30th. Royal Bank of Canada lowered their price target on shares of W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. UBS Group began coverage on shares of W. P. Carey in a research report on Friday, May 31st. They set a “neutral” rating and a $57.00 price target on the stock. Barclays began coverage on shares of W. P. Carey in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Scotiabank raised their price target on shares of W. P. Carey from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and a consensus target price of $61.55.
View Our Latest Stock Analysis on WPC
W. P. Carey Price Performance
Institutional Investors Weigh In On W. P. Carey
A number of hedge funds have recently made changes to their positions in WPC. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of W. P. Carey in the 3rd quarter valued at approximately $613,000. Envestnet Asset Management Inc. boosted its position in W. P. Carey by 15.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 634,496 shares of the real estate investment trust’s stock worth $34,314,000 after buying an additional 82,614 shares during the period. FMR LLC boosted its position in W. P. Carey by 1.8% during the 3rd quarter. FMR LLC now owns 262,809 shares of the real estate investment trust’s stock worth $14,213,000 after buying an additional 4,685 shares during the period. Invesco Ltd. boosted its position in W. P. Carey by 3.5% during the 3rd quarter. Invesco Ltd. now owns 425,639 shares of the real estate investment trust’s stock worth $23,019,000 after buying an additional 14,318 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in W. P. Carey by 4.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 52,408 shares of the real estate investment trust’s stock worth $2,834,000 after buying an additional 2,262 shares during the period. 73.73% of the stock is currently owned by institutional investors and hedge funds.
W. P. Carey Company Profile
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.
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