The stock of W. P. Carey Inc. (NYSE:WPC) decreased by -$0.23 on Friday to finish at $64.35, down -0.36 percent. The last five days have seen an average of 842,020 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$13.80. The average number of shares traded over the last 20 days was 929,475, while the average volume over the last 50 days totaled 1,080,204.
WPC stock dropped -9.84% since last month. On 08/21/23, the company’s shares reached a one-month low of $63.10. The stock touched a high of $87.30 on 01/30/23, after rallying from a low of $63.10 in 52 weeks. The price of WPC stock has declined by -17.66% or -$13.80 this year, reaching a new high 11 times. Still, the stock price is down -26.29% from the 52-week high.
Insider Transactions
WPC stock investors should be aware that W. P. Carey Inc. (WPC) stock had its last reported insider trading activity 118 days ago on May 02. On May 02, Director ALEXANDER MARK A acquired 1,000 shares at $72.48 each. This transaction resulted in the insider spending $72,479. On Feb 17, Zander Brian H sold 200 shares at a price of US$84.14. After the transaction, the insider now owns 4,266 shares.
Valuation Metrics
W. P. Carey Inc. (WPC) has a trailing price-to-earnings (P/E) ratio of 18.02. Beta for the stock is 0.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.29, the price-to-book (PB) ratio of 1.50.
Company paid $1.0690 per share in dividends, an increase of 0.19% from $1.0670 last year. A $0.0020 dividend increase was reported on Thursday June 15 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.93, and the total debt to equity ratio is 0.93. As far as profitability goes, gross margin for the trailing twelve months is 88.30% percent. W. P. Carey Inc.’s operating margin stood at 42.60% for the same period. Based on annual data, it had gross profit of $612.1 million and revenue of $1.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WPC’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 3.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $452.58 million, while revenues rose by 23.9% to $427.79 million. EBITDA was $378.59 million for the quarter. At the end of W. P. Carey Inc.’s most recent quarter, its total debt was $8.62 billion. Equity owned by shareholders amounts to $213.93 million.
Technical Picture
Here’s a quick look at W. P. Carey Inc.’s (WPC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 36.50%, suggesting the stock is Neutral, with a 11.90% historical volatility rate.
The stochastic %K and %D were 34.96% and 31.04% respectively, while the average true range (ATR) was 1.05. Based on the 14-day stochastic reading of 29.11%, the RSI (14) reading is 36.65%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at -0.40.
Analyst Ratings
W. P. Carey Inc. (NYSE: WPC) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned W. P. Carey Inc. (WPC) an Overweight rating. WPC is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is WPC’s price target for the next 12 months?
The current consensus forecast for the stock is between $67.00 and $82.00, with a median target price of $78.00. In analyzing these forecasts, the average price target given by analysts for W. P. Carey Inc. (WPC) is $76.20.
