Barclays Has Lowered Expectations for W. P. Carey (NYSE:WPC) Stock Price

W. P. Carey (NYSE:WPC) had its price objective dropped by stock analysts at Barclays from $59.00 to $56.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 0.08% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Scotiabank lowered their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group reduced their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

W. P. Carey Price Performance

Shares of NYSE WPC opened at $55.96 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $55.33 and a two-hundred day simple moving average of $57.70. W. P. Carey has a 1-year low of $52.91 and a 1-year high of $64.26. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97.

Hedge Funds Weigh In On W. P. Carey

A number of institutional investors have recently added to or reduced their stakes in the business. Maia Wealth LLC boosted its stake in shares of W. P. Carey by 651.8% in the 4th quarter. Maia Wealth LLC now owns 4,887 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 4,237 shares in the last quarter. BlueStem Wealth Partners LLC purchased a new position in shares of W. P. Carey in the fourth quarter worth $237,000. Metis Global Partners LLC grew its holdings in W. P. Carey by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 28,059 shares of the real estate investment trust’s stock worth $1,529,000 after acquiring an additional 1,928 shares during the last quarter. US Bancorp DE raised its stake in shares of W. P. Carey by 8.3% during the fourth quarter. US Bancorp DE now owns 32,764 shares of the real estate investment trust’s stock valued at $1,785,000 after acquiring an additional 2,499 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of W. P. Carey during the fourth quarter worth about $1,428,000. 73.73% of the stock is currently owned by institutional investors.

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.