W. P. Carey Stock Forecast, Price & News (NYSE:WPC)

Apr 12, 2023

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

244th out of 865 stocks

39th out of 192 stocks

W. P. Carey has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

According to analysts' consensus price target of $86.80, W. P. Carey has a forecasted upside of 22.3% from its current price of $71.00.

W. P. Carey has only been the subject of 2 research reports in the past 90 days.

W. P. Carey is a leading dividend payer. It pays a dividend yield of 6.06%, putting its dividend yield in the top 25% of dividend-paying stocks.

W. P. Carey has been increasing its dividend for 26 years.

The dividend payout ratio of W. P. Carey is 119.94%. Payout ratios above 75% are not desirable because they may not be sustainable.

Based on EPS estimates, W. P. Carey will have a dividend payout ratio of 79.22% in the coming year. This indicates that W. P. Carey may not be able to sustain their current dividend.

In the past three months, W. P. Carey insiders have bought more of their company's stock than they have sold. Specifically, they have bought $72,480.00 in company stock and sold $0.00 in company stock.

Only 1.11% of the stock of W. P. Carey is held by insiders.

62.73% of the stock of W. P. Carey is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings for W. P. Carey are expected to grow by 4.05% in the coming year, from $5.18 to $5.39 per share.

The P/E ratio of W. P. Carey is 19.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.43.

The P/E ratio of W. P. Carey is 19.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 152.81.

W. P. Carey has a PEG Ratio of 8.83. PEG Ratios above 1 indicate that a company could be overvalued.

W. P. Carey has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

W.P. Carey, Inc. is a premier global real estate investment trust (REIT) that specializes in providing long-term sale-leaseback and build-to-suit transactions for companies across various industries. With a mission to deliver reliable income and long-term capital appreciation, W.P. Carey owns and manages an extensive portfolio of commercial properties worldwide. Headquartered in New York City, the company operates across North America, Europe, and Asia.

W.P. Carey's portfolio encompasses various properties, including industrial, office, retail, warehouse, and logistics facilities. By partnering with leading companies, W.P. Carey creates customized real estate solutions that help businesses unlock capital tied up in their properties, enabling them to reinvest in core operations and strategic initiatives. The company's target market comprises established corporations and middle-market companies across the manufacturing, logistics, retail, and healthcare industries.

W.P. Carey boasts a solid customer base of reputable companies, including multinational corporations and industry leaders. Some of its key customers include Coca-Cola, Siemens, Marriott, U-Haul, and W.W. Grainger, among others. By catering to these esteemed clients, W.P. Carey has built a reputation for its ability to provide customized real estate solutions that meet the evolving needs of businesses.

W.P. Carey's leadership team comprises seasoned professionals with extensive real estate and finance expertise. The management team, led by Chief Executive Officer Jason Fox, brings a wealth of experience in investment management, acquisitions, and strategic planning.

W.P. Carey has demonstrated consistent financial performance in recent years. The company's revenue has steadily increased, reaching $18 billion in the most recent fiscal year, representing a year-on-year growth rate of around 5%. Moreover, W.P. Carey maintains healthy profit margins.

With a focus on sustainable growth and strong financial performance, W.P. Carey's valuation metrics stand favorably among its industry peers. The company's price-to-earnings and price-to-book suggest an undervalued stock relative to the broader market.

W.P. Carey's stock has exhibited resilient performance in recent years. Despite short-term fluctuations in the market, the company has consistently delivered value to its shareholders. The stock has recently experienced a setback, reflecting the overall real estate market uncertainty during tough economic times.

W.P. Carey operates in the highly competitive real estate industry, needing accurate market intelligence, extensive networks, and a deep understanding of local dynamics. The company differentiates itself by focusing on long-term, triple-net lease structures, which provide stable cash flows and minimize the risks associated with property management.

W.P. Carey is well-positioned to capitalize on growth opportunities in the global real estate market. The company aims to expand its presence in key international markets, mainly Europe and Asia, where it sees strong demand for sale-leaseback transactions. Additionally, W.P. Carey seeks to expand its portfolio by acquiring high-quality properties in strategic locations. This growth strategy allows W.P. Carey to diversify its revenue streams and capture opportunities in emerging markets.

The company actively explores new sectors and property types that align with evolving market trends. In addition to organic growth, W.P. Carey is open to strategic acquisitions and partnerships that complement its existing portfolio and enhance shareholder value. By leveraging its strong balance sheet and access to capital, the company has the financial flexibility to pursue attractive investment opportunities.

While W.P. Carey has demonstrated resilience in economic downturns and market volatility, the company faces certain risks and challenges that could impact its performance. Changes in interest rates, for example, can affect borrowing costs and investor sentiment towards REITs. Higher interest rates may increase the cost of financing acquisitions and potentially impact property valuations.

Moreover, shifts in consumer preferences and technological advancements could disrupt traditional brick-and-mortar retail, impacting the demand for specific commercial properties. W.P. Carey mitigates this risk by focusing on well-located properties with diverse tenant bases and actively monitoring market trends to adapt its investment strategies accordingly.

Regulatory and political factors also pose risks to W.P. Carey's operations. Changes in tax laws, zoning regulations, or government policies related to real estate can impact the profitability and growth prospects of the company. W.P. Carey closely monitors regulatory developments and engages with policymakers to ensure compliance and protect its interests.

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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W. P. Carey in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WPC shares. View WPC analyst ratings or view top-rated stocks.

5 equities research analysts have issued twelve-month price objectives for W. P. Carey's shares. Their WPC share price forecasts range from $85.00 to $88.00. On average, they expect the company's share price to reach $86.80 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price. View analysts price targets for WPC or view top-rated stocks among Wall Street analysts.

W. P. Carey's stock was trading at $78.15 at the beginning of the year. Since then, WPC shares have decreased by 10.3% and is now trading at $70.12. View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023. View our WPC earnings forecast.

W. P. Carey Inc. (NYSE:WPC) announced its earnings results on Friday, April, 28th. The real estate investment trust reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.12. The real estate investment trust earned $427.80 million during the quarter, compared to the consensus estimate of $406.24 million. W. P. Carey had a trailing twelve-month return on equity of 8.47% and a net margin of 47.26%. The firm's revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share.

W. P. Carey announced a quarterly dividend on Thursday, March 9th. Stockholders of record on Friday, March 31st will be paid a dividend of $1.067 per share on Friday, April 14th. This represents a $4.27 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $1.07. Read our dividend analysis for WPC.

ETFs with the largest weight of W. P. Carey (NYSE:WPC) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), JPMorgan Realty Income ETF (JPRE), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), FlexShares Global Quality Real Estate Index Fund (GQRE), iShares US Credit Bond ETF (CRED), ALPS Active REIT ETF (REIT), U.S. Diversified Real Estate ETF (PPTY) and SPDR Dow Jones REIT ETF (RWR).

W. P. Carey (NYSE:WPC) pays an annual dividend of $4.27 per share and currently has a dividend yield of 6.06%. WPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 119.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WPC will have a dividend payout ratio of 79.22% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for WPC.

W. P. Carey issued an update on its FY23 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of $5.30-$5.40 for the period, compared to the consensus earnings per share estimate of $5.16.

10 employees have rated W. P. Carey Chief Executive Officer Jason Fox on Glassdoor.com. Jason Fox has an approval rating of 80% among the company's employees. 48.0% of employees surveyed would recommend working at W. P. Carey to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other W. P. Carey investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Johnson & Johnson (JNJ), Realty Income (O), Exxon Mobil (XOM), Intel (INTC) and Enterprise Products Partners (EPD).

W. P. Carey trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPC."

W. P. Carey's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.19%), State Street Corp (4.78%), JPMorgan Chase & Co. (3.07%), Geode Capital Management LLC (1.52%), Dimensional Fund Advisors LP (1.34%) and Deutsche Bank AG (1.15%). Insiders that own company stock include Brian H Zander and Mark A Alexander. View institutional ownership trends.

Shares of WPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

One share of WPC stock can currently be purchased for approximately $70.12.

W. P. Carey (NYSE:WPC) has a market capitalization of $15.00 billion and generates $1.48 billion in revenue each year. The real estate investment trust earns $599.14 million in net income (profit) each year or $3.56 on an earnings per share basis.

The company employs 183 workers across the globe.

W. P. Carey's mailing address is 50 ROCKEFELLER PLAZA, NEW YORK NY, 10020. The official website for the company is www.wpcarey.com. The real estate investment trust can be reached via phone at (212) 492-1100, via email at [email protected], or via fax at 212-492-8922.

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