Bank of America has adjusted its price target for W.P. Carey (WPC, Financial), increasing it from $56 to $61, while maintaining an Underperform rating on the stock. This update follows recent property tours and quarter-to-date updates, alongside the timeline of the 2025 guidance initiation.
The firm anticipates that W.P. Carey will deliver results that mostly meet or exceed expectations for the first quarter, contributing to a favorable earnings season for real estate investment trusts (REITs). This perspective suggests confidence in the overall performance of the sector as quarterly results are released.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for W.P. Carey Inc (WPC, Financial) is $62.30 with a high estimate of $67.00 and a low estimate of $56.00. The average target implies an upside of 7.66% from the current price of $57.87. More detailed estimate data can be found on the W.P. Carey Inc (WPC) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, W.P. Carey Inc's (WPC, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for W.P. Carey Inc (WPC, Financial) in one year is $62.97, suggesting a upside of 8.81% from the current price of $57.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the W.P. Carey Inc (WPC) Summary page.
