W. P. Carey Inc. REIT which can be found using ticker (WPC) have now 8 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 88 and 79 calculating the average target price we see $84.25. Now with the previous closing price of $74.20 this is indicating there is a potential upside of 13.5%. The 50 day MA is $77.09 while the 200 day moving average is $79.77. The market cap for the company is $15,789m. Company Website: https://www.wpcarey.com
The potential market cap would be $17,928m based on the market consensus.
Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $24 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,449 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of December 31, 2022. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with build-in rent escalations.
The company has a dividend yield of 5.75% with the ex dividend date set at 30-3-2023 (DMY).
