W. P. Carey Inc. REIT with ticker code (WPC) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 94 and 80 with the average target price sitting at 88. Now with the previous closing price of 83.65 this indicates there is a potential upside of 5.2%. The day 50 moving average is 81.62 and the 200 moving average now moves to 78.71. The market capitalisation for the company is $16,424m. Find out more information at: https://www.wpcarey.com
The potential market cap would be $17,278m 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.
