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W. P. Carey Inc. (NYSE:WPC), a leading real estate investment trust (REIT) with a market capitalization of $14.3 billion, has reached a new 52-week high, with its stock price climbing to $65.58. According to InvestingPro analysis, the company appears overvalued at current levels, despite maintaining an impressive 92.35% gross profit margin. This milestone reflects a significant uptrend in the company’s market performance, with a remarkable YTD return of 18.89%. Investors have shown increased confidence in WPC’s strategic initiatives and its diversified portfolio, particularly noting its 27-year track record of consistent dividend payments, currently yielding 5.43%. The new 52-week high represents a noteworthy achievement for WPC and signals a positive outlook for the company’s future growth prospects. For deeper insights into WPC’s valuation and eight additional exclusive ProTips, visit InvestingPro.
In other recent news, W. P. Carey Inc. reported its fourth-quarter 2024 earnings, showing an earnings per share (EPS) of $0.21, which fell short of the anticipated $0.54. However, the company’s revenue reached $403.65 million, surpassing expectations of $385.18 million. Despite the EPS miss, W. P. Carey projects an adjusted funds from operations (AFFO) growth of 3.6% for 2025, with plans to invest between $1 billion and $1.5 billion, focusing on retail and data centers.
Evercore ISI revised its price target for W. P. Carey to $64, maintaining an In-Line rating due to the company’s strong investment activities, which totaled $1.6 billion for 2024. Meanwhile, BMO Capital Markets upgraded W. P. Carey’s stock rating from Market Perform to Outperform, raising the price target to $67. This upgrade reflects positive sentiment following the company’s strategic divestments and sales of office properties.
W. P. Carey’s strategic focus includes exiting the office sector, which aligns with its shift towards expanding in U.S. retail and data centers. The company’s dividend yield remains attractive at 6.0%, suggesting a well-covered position. Analysts at BMO Capital Markets highlighted W. P. Carey’s CPI-linked leases as a hedge against inflation, adding to the company’s appeal in the net lease sector.
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