W. P. Carey Inc. (WPC) expanding its growth trajectory ahead

W. P. Carey Inc. (NYSE: WPC) stock fell -1.79% on Friday to $79.19 against a previous-day closing price of $80.63. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $80.91 whereas the lowest price it dropped to was $78.72. The 52-week range on WPC shows that it touched its highest point at $89.63 and its lowest point at $73.02 during that stretch. It currently has a 1-year price target of $92.70. With its current market cap of 16.21 billion, WPC has annualized dividend of $4.24 while the current yield stands at 5.35%. Beta for the stock currently stands at 0.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WPC was down-trending over the past week, with a drop of -5.12%, but this was down by -8.06% over a month. Three-month performance dropped to -6.77% while six-month performance fell -0.75%. The stock gained 3.38% in the past year, while it has lost -3.49% so far this year. A look at the trailing 12-month EPS for WPC yields 2.74 with Next year EPS estimates of 2.61.

Float and Shares Shorts:

At present, 207.53 million WPC shares are outstanding with a float of 205.39 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.01 million, which was 3.64% higher than short shares on Jun 14, 2022. In addition to Mr. Jason E. Fox as the firm’s CEO & Director, Mr. John J. Park serves as its Pres.

Institutional Ownership:

Through their ownership of 64.35% of WPC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.42% of WPC, in contrast to 34.67% held by mutual funds. Shares owned by individuals account for 32.51%. As the largest shareholder in WPC with 14.13% of the stake, The Vanguard Group, Inc. holds 27,250,945 shares worth 27,250,945. A second-largest stockholder of WPC, SSgA Funds Management, Inc., holds 9,382,648 shares, controlling over 4.86% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WPC, holding 9,185,078 shares or 4.76% stake. With a 4.53% stake in WPC, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 8,743,103 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.96% of WPC stock, is the second-largest Mutual Fund holder. It holds 5,706,247 shares valued at 479.5 million. Vanguard Mid Cap Index Fund holds 2.29% of the stake in WPC, owning 4,422,691 shares worth 371.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WPC since 11 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WPC analysts setting a high price target of $100.00 and a low target of $85.00, the average target price over the next 12 months is $92.27. Based on these targets, WPC could surge 26.28% to reach the target high and rise by 7.34% to reach the target low. Reaching the average price target will result in a growth of 16.52% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WPC will report FY 2022 earnings on 02/10/2023. Analysts have provided yearly estimates in a range of $2.72 being high and $2.72 being low. For WPC, this leads to a yearly average estimate of $2.72. Based on analyst estimates, the high estimate for the next quarter is $0.62 and the low estimate is $0.62. The average estimate for the next quarter is thus $0.62.

Summary of Insider Activity:

Insiders traded WPC stock several times over the past three months with 9 Buys and 1 Sells. In these transactions, 17,271 shares were bought while 147 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 190,360 while 17,594 shares were sold.

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