W.P. Carey Inc. REIT (NYSE:WPC).
July 7 investment analysts at Citigroup held the stock rating at “Sell” but moved up the price target from $54.00 to $59.00. On February 11, 2016 the stock rating was changed to a “Equal-weight” according to a Capital One Financial report a cut from the previous “Overweight” rating.
Citigroup both downgraded the stock and lowered the price target on December 11 changing the price objective from $70.00 to $54.00 and cutting the rating from “Neutral” to “Sell”. On December 11 the stock rating was downgraded to “Sell” from “Neutral” with a current price target of $54.00 in a report issued by Citigroup.
On November 5 the company was downgraded from “Buy” to “Hold” by analysts at Evercore ISI Group.
The company is up since yesterday’s close of $66.93. W.P. Carey Inc. REIT announced a dividend for shareholders that was paid on Monday April 17th, 2017. The dividend was $0.995 per share for the quarter or $3.98 annualized. This dividend represents a yield of $5.95. The ex-dividend date was set for Wednesday the 29th of March 2017.
Shares are trading at $66.94 marginally over the 50 day moving average which is $63.89 and which is a tad above the 200 day moving average of $61.96. The 50 day moving average went up by +4.78% and the 200 day average was up $4.98.
W. P. Carey Inc. (W.P. Carey), launched on February 15, 2012, is a self-managed diversified real estate investment trust (REIT). The Company is an owner and manager of commercial real estate, primarily net leased to companies on a long-term basis. It operates through two segments: Owned Real Estate and Investment Management. As of December 31, 2016, managed an investment portfolio of 1,373 properties, including 903 net-leased properties and two operating properties within its owned real estate portfolio. The Company also acts as an advisor to management business..
The company’s P/E ratio is 27.00 and market capitalization is 7.13B.