W. P. Carey Inc. REIT with ticker code (WPC) have now 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 95 and 84 and has a mean target at $87.33. Given that the stocks previous close was at $78.60 this is indicating there is a potential upside of 11.1%. The day 50 moving average is $82.30 and the 200 moving average now moves to $81.03. The total market capitalization for the company now stands at $16,555m. Find out more information at: https://www.wpcarey.com
The potential market cap would be $18,394m 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 5.39% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 26.41, revenue per share of 7.4 and a 2.73% return on assets.
