W. P. Carey Inc. REIT with ticker code (WPC) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 92 and 78 calculating the mean target price we have 86.38. Now with the previous closing price of 79.7 this is indicating there is a potential upside of 8.4%. There is a 50 day moving average of 79.24 and the 200 moving average now moves to 77.07. The company has a market capitalisation of $14,746m. Company Website: https://www.wpcarey.com
The potential market cap would be $15,982m 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.
