Separately, W. P. Carey acquired three properties located in Arizona, comprising a newly-built, Class-A distribution center covering approximately 300,000 square feet for $40 million and two fitness facilities leased to an existing tenant for $28 million.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2024 | $57.00 | Neutral | UBS |
| 3/27/2024 | $40.00 | Equal Weight | Barclays |
| 2/12/2024 | Outperform → Mkt Perform | Raymond James | |
| 11/13/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 9/26/2023 | $75.00 → $60.00 | Outperform → Market Perform | BMO Capital Markets |
| 9/21/2023 | $66.00 | Equal Weight | Wells Fargo |
| 8/14/2023 | $78.00 → $67.00 | Neutral → Underperform | BofA Securities |
| 6/14/2023 | $74.00 | Underperform | Exane BNP Paribas |
UBS initiated coverage of W.P. Carey with a rating of Neutral and set a new price target of $57.00
Barclays initiated coverage of W.P. Carey with a rating of Equal Weight and set a new price target of $40.00
Raymond James downgraded W.P. Carey from Outperform to Mkt Perform
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NEW YORK, Oct. 29, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE:WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the third quarter ended September 30, 2024. Financial Highlights 2024 Third Quarter Net income attributable to W. P. Carey (millions) $111.7 Diluted earnings per share $0.51 AFFO (millions) $259.3 AFFO per diluted share $1.18 2024 AFFO guidance range narrowed to between $4.65 and $4.71 per diluted share based on anticipated full year investment volume of between $1.25 billion and $1.75 billionThird quarter cash dividend of $0.875 per share, equivalent to an annualized dividend rate of $3.50 per shareReal Estate Po
Conference Call Scheduled for Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time NEW YORK, Oct. 15, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Tuesday, October 29, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio Webcast Date/Time: Wednesday, October 30, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (20
NEW YORK, Sept. 19, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024. W. P. Carey Inc. W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,291 net lease properties covering approximately 170 million square feet and a portfolio of 89 self-storage operating properties as of June 30, 2024. With offices in New York
UBS analyst Michael Goldsmith maintains W.P. Carey (NYSE:WPC) with a Neutral and raises the price target from $57 to $63.
In the last three months, 5 analysts have published ratings on W.P. Carey (NYSE:WPC), offering a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 3 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $61.6, a high estimate of $68.00, and a low estimate of $57.00. Experiencing a 1.83% decline, the current
JP Morgan analyst Anthony Paolone maintains W.P. Carey (NYSE:WPC) with a Overweight and lowers the price target from $70 to $68.
NEW YORK, Nov. 12, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE:WPC, the ", Company", )) announced today that it has priced an underwritten public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2034 (the "Notes"). The Notes were offered at 98.880% of the principal amount. Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and traded on the Global Exchange Market of Euronext Dublin; any listing is subject to approval by Euronext Dublin. Interest on the Notes will be paid annually on November 19 of each year, beginning on November 19, 2025. The offering of the Notes is expected
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE:WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the third quarter ended September 30, 2024. Financial Highlights 2024 Third Quarter Net income attributable to W. P. Carey (millions) $111.7 Diluted earnings per share $0.51 AFFO (millions) $259.3 AFFO per diluted share $1.18 2024 AFFO guidance range narrowed to between $4.65 and $4.71 per diluted share based on anticipated full year investment volume of between $1.25 billion and $1.75 billionThird quarter cash dividend of $0.875 per share, equivalent to an annualized dividend rate of $3.50 per shareReal Estate Po
Prestigious recognitions highlight W. P. Carey's inclusive and positive workplace culture NEW YORK, Oct. 24, 2024 /PRNewswire/ -- W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT, is proud to announce it has been selected as one of the 2024 Best Workplaces in Real Estate™ and Best Workplaces for Women™ by Fortune. The Best Workplaces lists are based on an analysis of survey responses from Great Place to Work Certified™ companies. "We are incredibly honored that W. P. Carey has been recognized as a top workplace in real estate and a top workplace for women," said
Brings 30+ Years of Technology Experience to WPC Board NEW YORK, March 18, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a net lease real estate investment trust, today announced the appointment of Rhonda Gass to its Board of Directors, effective immediately. Ms. Gass will serve as a member of the Audit Committee and brings more than 30 years of experience in technological transformation, cybersecurity and digital risk management. Jason Fox, Chief Executive Officer and Board Member at W. P. Carey, said: "We are thrilled to welcome Rhonda to W. P. Carey's Boar
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
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