According to Bloomberg.com, the eight investment firms currently monitoring W. P. Carey Inc. (NYSE: WPC) have assigned the company an average rating of “Moderate Buy” to the company’s stock. This rating was based on the investment firms’ expectations for the company’s future performance. Three of the financial experts surveyed have recommended that the stock be held. In contrast, four of the experts have provided the recommendation that the stock should be purchased. The price projection for the subsequent twelve months is estimated by analysts who have published reports on the company in the preceding year to be $88,000 on average. This estimate pertains to the price forecast.
Several research companies have produced WPC reports within the past few years and published them. In a research note published on Monday, October 24, JMP Securities lowered their “market outperform” rating that they had previously assigned to W. P. Carey and reduced the price target that they had previously assigned to the stock from $93.00 to $86.00. Capital One Financial reaffirmed its “overweight” rating that it had previously assigned to W. P. Carey’s shares in a research note published on Monday, December 5. The first time that W. P. Carey was mentioned was in a research report published on StockNews.com on October 12—the same day that the report was made available to the public. They advised their clients to “hold” the stock moving forward. In a research report released on Tuesday, September 27, Evercore ISI stated that the company had reduced its price target for W. P. Carey. As opposed to the previous price target of $90.00, the new price objective is set at $87.0. Raymond James increased their price objective for W. P. Carey from $80.00 to $85.00 and upgraded the company’s rating to “outperform” in a research note published on Monday, December 19.
On Friday, WPC began trading for $79.75 when the market opened. The stock’s simple moving average for the past 50 days is $77.62, and the simple moving average for the past 200 days is $80.66. There is a current ratio of 0.18 and a quick ratio of 0.18, and the debt-to-equity ratio stands at 0.83. All of these numbers are very close to one another. Over a single year, W. P. Carey experienced a record low of $67.76 and a record high of $89.63 in its stock price. Given its current market value of $16.59 billion, its P/E ratio of 31.65, its PEG ratio of 13.10, and its beta value of 0.75, the company has sufficient financial resources.
In addition, the corporation disclosed that it had authorized the payment of a quarterly dividend, which will be paid out beginning on the thirteenth of this month. On December 30, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $1.065 per share. This translates to a yield of 5.34% and a dividend payment of $4.26 yearly for every shareholder. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. We can say that this constitutes an increase in that dividend because the previous quarterly dividend that W. P. Carey shareholders received was $1.06. The payout ratio for W. P. Carey currently stands at 167.25 percent as of right now.
The functions that hedge funds perform in the industry have been subject to recent changes. During the year’s second quarter, Better Money Decisions LLC invested approximately $25,000 to acquire a new position with W. P. Carey. Core Wealth Advisors Inc. raised the percentage of W. P. Carey stock that it owned to 66.7% during the third quarter, which is an increase from its previous level of ownership, which was at the previous level. Following the acquisition of an additional 150 shares during the period above, Core Wealth Advisors, Inc. is now the owner of a total of 375 shares of the stock held by the real estate investment trust. The current value of these shares is $25,000. During the first quarter, Fairfield Bush & Co. increased its overall holdings in W. P. Carey by investing approximately $26,000 more. During the first three months of the year, W. P. Carey was the beneficiary of an additional financial investment made by Acadian Asset Management LLC for approximately $26,000.
Last but not least, during the first quarter, Quent Capital LLC paid approximately $32,000 for the right to purchase a new stake in W. P. Carey. This was certainly not the least important of the three acquisitions. Institutional investors hold the majority of the company’s stock, which amounts to 62.73%.
One of the most significant net-lease real estate investment trusts is W. P. Carey. As of September 30, 2020, it had a diversified commercial real estate portfolio that included 1,215 net lease properties with a total of approximately 142 million square feet. This portfolio is operationally important. W. P. Carey has a diverse commercial real estate portfolio, contributing to the company’s overall enterprise value of approximately $18 billion. Since its founding approximately half a century ago, the company has been actively investing in first-rate single-tenant industrial, warehouse, office, retail, and self-storage properties that have extended net leases and rent increases over time. These properties can be found all over the world.