W. P. Carey Inc. REIT found using ticker (WPC) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 100 and 85 and has a mean target at 92.7. With the stocks previous close at 84.42 this indicates there is a potential upside of 9.8%. The 50 day moving average now sits at 84.86 while the 200 day moving average is 81.2. The company has a market capitalisation of $17,302m. Visit the company website at:https://www.wpcarey.com
The potential market cap would be $18,998m 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.
