Looking To Buy W. P. Carey Inc. (WPC)? Read This First

W. P. Carey Inc. (NYSE:WPC) saw an upside of 1.51% to close Friday at $74.14 after adding $1.1 on the day. The 5-day average trading volume is 897,780 shares of the company’s common stock. It has gained $76.30 in the past week and touched a new high 1 time within the past 5 days. An average of 970,120 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 892,832.

WPC’s 1-month performance is -5.67% or -$4.46 on its low of $73.02 reached on 09/30/21. The company’s shares have touched a 52-week low of $60.68 and high of $82.37, with the stock’s rally to the 52-week high happening on 07/30/21. YTD, WPC has achieved 5.04% or $3.56 and has reached a new high 22 times. However, the current price is down -9.99%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 49.59 and a low of 19.20. WPC stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.50 while the price-to-book (PB) in the most recent quarter is 1.83.

W. P. Carey Inc. pays an annual dividend of $4.21 per share. Its dividend yield is 5.68% and the payout ratio is 162.20%. WPC paid $1.0520 a share compared with prior rate of $1.05, up 0.19% from last year’s. The company has boosted its dividend for the last 22 consecutive years with the latest dividend increase of $0.0020 reported on Thursday September 16 2021. Measured over the last 3 years, the Dividend has been growing by 4.04% yearly.

It is projected that W. P. Carey Inc.’s next ex-dividend date will be on WP. WPC is expected to distribute $30-Dec as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.93, while the total debt to equity was 0.93. In terms of profitability, the gross margin trailing 12 months is 90.60% while for the period ending June 29; W. P. Carey Inc.’s operating margin was 45.30%. The firm’s gross profit as reported stood at $517.72 million against revenue of $1.21 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. W. P. Carey Inc.’s return on assets over the past 12 months stands at 3.10%. Return on investment over the past year is 3.90%, while its return on equity (ROE) trailing 12 months is 6.50%. In comparison, the average ROE for the broader industry over the past year is 4.65.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WPC to announce $0.79 per share in earnings in its latest quarter, but it posted $0.67, representing a -15.20% surprise. EBITDA for the quarter stood at more than $282.06 million. WPC stock balance sheet for the quarter ending June 29 shows that, with total debt at $6.82 billion

Technical Picture

Let’s look briefly at W. P. Carey Inc. (WPC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 36.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.92%.

The stock’s 5-day moving average is $74.04, reflecting a -0.84% or -$0.63 change from its current price. WPC is currently trading -6.62% above its 20-day SMA, +0.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.70% and +4.54% respectively.

Stochastic %K and %D was 11.69% and 8.92% and the average true range (ATR) pointed at 1.26. The RSI (14) points at 37.29%, while the 14-day stochastic is at 26.08% with the period’s ATR at 1.23. The stock’s 9-day MACD Oscillator is pointing at -1.16 and -1.62 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for W. P. Carey Inc. (NYSE: WPC), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for WPC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WPC as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is WPC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $77.00 and a high of $91.00, with their median price target at $90.00. Looking at these predictions, the average price target given by analysts is for W. P. Carey Inc. (WPC) stock is $86.56.

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