Equity analysts at Capital One Financial reiterated their “overweight” rating on W in a research note that was released on Monday. According to PriceTargets.com, the letter “P” is owned.Stocks in Carey (NYSE:WPC) Capital One Financial also provided estimates for W. P. Carey reported earnings per share for the fourth quarter of 2022 of $1.26, the fiscal year 2022 of $5.15, the first quarter of 2023 of $1.28, the second quarter of 2023 of $1.29, the third quarter of $1.31, the fourth quarter of 2023 of $1.35, the fiscal year 2023 of $5.24, and the fourth quarter of 2024 of $1.35.
Recently, WPC has also been discussed by a number of research companies. JMP Securities decreased their price objective for W. On Monday, October 24th, P. published a paper on the topic. On Carey, Evercore ISI dropped their price target from $93 to $86 and the stock was rated as “market outperform.” P. On Tuesday, September 27, Carey reduced a research note from $90.00 to $87.00. Raymond James decreased their price objective for W. P. On Tuesday, October 4th, Carey reduced his “outperform” recommendation for the company from $95.00 to $80.00 in a research note. StockNews.com eventually began to cover W. On October 12, P. Carey released a piece on this subject. Three equities research analysts gave the stock a hold recommendation, while four gave the stock a buy rating. They assigned the firm a rating of “hold.” According to Bloomberg data, the stock has an average rating of “Moderate Buy” and an average price target of $87.50.
On Monday, WPC began trading at $79,06. The stock has some impressive numbers, like a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 13.22, and a beta of 0.75. The company’s debt-to-equity, quick ratio, and current ratio are all 0.18. The 50-day and 200-day moving averages of the company’s stock are $75.59 and $80.96, respectively. W. A year’s worth of P’s highs and lows Carey is priced at $89.63 and $67.76.
Institutional investors’ and hedge funds’ holdings of WPC have recently altered in proportion. The current percentage of W. that JPMorgan Chase & Co. P. Carey by 37.9% in the second quarter. JPMorgan Chase & Co. now owns a total of 6,799,295 shares of the real estate investment trust, valued at $563,389,000, representing an increase of 1,868,954 shares. The most recent quarter saw a rise in ownership. W is now owned by Deutsche Bank AG to a greater extent. P. Carey by 452.5% in the second quarter. During the most recent quarter, Deutsche Bank AG added 1,530,147 shares to its holdings in the real estate investment trust, increasing its total share purchase to 1,868,285 at a cost of $154,806,000. State Street Corp. raised its ownership of W. P. Carey by 17.1% in the first three months. State Street Corp. presently owns 9,572,789 shares of the real estate investment trust, with a market value of $783,467,000. This indicates a share gain of 1,400,997. The current owner of a bigger share of PGGM Investments is W. P. In the third quarter, Carey’s net worth was around $85,049,000. Additionally, The Vanguard Group, Inc. purchased more W shares. P. Carey experienced a 3.9% drop in the first quarter. Compared to three months ago, Vanguard Group Inc. now owns 1,016,340 more shares of the real estate investment trust’s stock, worth $2,209,731,000. Unbelievably, institutions own 64.74% of the company’s shares.
W. As of September 30, 2020, P.C. had an estimated enterprise value of $18 billion and a varied portfolio of commercial real estate that included 1,215 net lease properties with a combined area of around 142 million square feet. One of the biggest net lease REITs is Carey. For more than 50 years, the company has made investments in upscale single-tenant industrial, warehouse, office, retail, and self-storage facilities. Long-term net leases with built-in rent escalators are used to lease these assets.