W. P. Carey Inc. REIT found using ticker (WPC) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 92 and 78 and has a mean target at 86.38. Given that the stocks previous close was at 75.25 this indicates there is a potential upside of 14.8%. The 50 day moving average now sits at 78.98 while the 200 day moving average is 77.29. The market capitalisation for the company is $14,359m. You can visit the company’s website by visiting: https://www.wpcarey.com
The potential market cap would be $16,483m based on the market concensus.
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.
