W. P. Carey Inc. REIT which can be found using ticker (WPC) now have 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 88 and 79 and has a mean target at $85.25. Given that the stocks previous close was at $72.34 and the analysts are correct then we can expect a percentage increase in value of 17.8%. The 50 day MA is $79.40 and the 200 day MA is $80.28. The total market capitalization for the company now stands at $15,253m. You can visit the company’s website by visiting: https://www.wpcarey.com
The potential market cap would be $17,975m based on the market consensus.
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
The company has a dividend yield of 5.99% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 23.85, revenue per share of 7.4 and a 2.73% return on assets.
