W. P. Carey Inc. REIT with ticker code (WPC) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 100 and 80 with a mean TP of 89.7. With the stocks previous close at 71.16 this indicates there is a potential upside of 26.1%. There is a 50 day moving average of 81.16 and the 200 day moving average is 80.96. The company has a market capitalisation of $14,151m. Company Website: https://www.wpcarey.com
The potential market cap would be $17,838m 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.
