StockNews.com started coverage on shares of W. P. Carey (NYSE:WPC – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.
Several other brokerages have also issued reports on WPC. Raymond James raised their price objective on W. P. Carey from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, December 19th. Royal Bank of Canada raised their price objective on W. P. Carey from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. Finally, Capital One Financial reaffirmed an “overweight” rating on shares of W. P. Carey in a report on Monday, December 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.80.
W. P. Carey Stock Down 0.4 %
W. P. Carey stock opened at $79.12 on Thursday. The stock’s fifty day moving average is $82.51 and its two-hundred day moving average is $79.65. The stock has a market cap of $16.66 billion, a PE ratio of 26.46, a P/E/G ratio of 11.31 and a beta of 0.77. W. P. Carey has a 1-year low of $67.76 and a 1-year high of $89.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.27 and a quick ratio of 0.27.
Hedge Funds Weigh In On W. P. Carey
About W. P. Carey
W.P. Carey, Inc is an investment trust company, which engages in the commercial real estate business. It operates through the Real Estate and Investment Management segments. The Real Estate segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for real estate investment trusts, and manages portfolios of real estate investments.
- Get a free copy of the StockNews.com research report on W. P. Carey (WPC)
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