W. P. Carey Inc. (WPC – Research Report) received a Hold rating and price target from JMP Securities analyst Mitchell Germain today. The company’s shares closed last Friday at $54.13.
Germain covers the Real Estate sector, focusing on stocks such as VICI Properties, Getty Realty, and Terreno Realty. According to TipRanks, Germain has an average return of 0.1% and a 49.35% success rate on recommended stocks.
In addition to JMP Securities, W. P. Carey Inc. also received a Hold from Scotiabank’s Greg McGinniss in a report issued on November 6. However, on the same day, RBC Capital maintained a Buy rating on W. P. Carey Inc. (NYSE: WPC).
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Based on W. P. Carey Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $448.55 million and a net profit of $125.04 million. In comparison, last year the company earned a revenue of $383.62 million and had a net profit of $104.93 million
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W. P. Carey Inc. (WPC) Company Description:
W.P. Carey, Inc. is a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments. The company was founded by William Polk Carey in 1973 and is headquartered in New York, NY.
Read More on WPC:
- W.P. Carey price target lowered to $64 from $73 at RBC Capital
- W. P. Carey Announces Third Quarter 2023 Financial Results
- W.P. Carey sees FY24 preliminary AFFO $4.60-$4.80, consensus $4.61
- W.P. Carey lowers FY23 AFFO view to $5.17-$5.23 from $5.32-$5.38
- W.P. Carey reports Q3 AFFO $1.32, consensus $1.32
