With an annual dividend yield of 5.01%, W. P. Carey Inc. (NYSE:WPC) is included among the 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows.
On May 12, Scotiabank raised its price recommendation on W. P. Carey Inc. (NYSE:WPC) to $79 from $73. It reiterated a Sector Perform rating on the shares. The analyst said Q1 earnings across the net lease REIT sector reflected stronger AFFO and higher investment guidance throughout the firm’s coverage universe. Many REITs also issued forward equity during or after the quarter to meet funding needs for the rest of the year, the research note stated.
On April 30, RBC Capital raised its price target on WPC to $73 from $72 while keeping a Sector Perform rating on the stock. The analyst said the company’s Q1 results were mostly in line with expectations, especially since it had already reported solid acquisition activity, which pointed to a likely increase in guidance.
W. P. Carey Inc. (NYSE:WPC) is a net lease real estate investment trust with a commercial real estate portfolio that includes 1,703 net lease properties spanning about 185 million square feet. The company focuses on corporate sale-leasebacks, build-to-suit projects, and acquiring single-tenant net lease properties.
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