Shares of Real Estate sector company W. P. Carey moved -2.1% today, and are now trading at a price of $66.23. The large-cap stock's daily volume was 980,894 compared to its average volume of 1,055,079. The S&P 500 index returned a -1.0% performance.
Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $24 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,449 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of December 31, 2022. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U. The company is based in New York and has 193 full time employees. Its market capitalization is $14,421,215,232. W. P. Carey currently offers its equity investors a dividend that yields 6.3% per year.
9 analysts are following W. P. Carey and have set target prices ranging from $74.0 to $88.0 per share. On average, they have given the company a rating of hold. At today's prices, WPC is trading -17.67% away from its average analyst target price of $80.44 per share.
Over the last year, WPC shares have gone down by -21.1%, which represents a difference of -33.0% when compared to the S&P 500. The stock's 52 week high is $89.63 per share and its 52 week low is $66.1. With average free cash flows of $885.91 Million that have been growing at an average rate of 5.4% over the last 4 years, W. P. Carey declining stock performance may not be reflective of the quality of its underlying business.
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