Wells Fargo Maintains Equal-Weight, Raises W. P. Carey PT to $68

Wells Fargo Maintains Equal-Weight, Raises W. P. Carey PT to $68

Wells Fargo has updated its investment rating for W. P. Carey Inc. (NYSE:WPC) to "Equal-Weight" and raised its price target to $68. This move comes after the company's latest earnings report, which exceeded analyst expectations. The stock has seen significant institutional interest, with several major investors increasing their stakes in the real estate investment trust (REIT) [1].

In the most recent quarter, W. P. Carey reported earnings per share (EPS) of $1.28, surpassing the consensus estimate of $1.23. Revenue also increased by 10.5% year-over-year to $430.78 million. Additionally, the company declared a quarterly dividend of $0.90 per share, up from the previous $0.89, representing an annualized yield of 5.4% [2].

Analysts have shown varied opinions on W. P. Carey's stock. While some have raised their price targets, others maintain a "Hold" rating. For instance, Barclays boosted its price target from $61.00 to $64.00, while Evercore ISI increased its target from $65.00 to $66.00 [2].

Wells Fargo's decision to raise its price target and maintain an "Equal-Weight" rating reflects the positive earnings performance and the growing institutional interest in the stock. However, investors should consider the company's fundamentals and the broader market conditions before making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-allstate-corp-has-769000-stock-position-in-wp-carey-inc-wpc-2025-08-25/
[2] https://www.marketbeat.com/instant-alerts/filing-campbell-co-investment-adviser-llc-boosts-position-in-wp-carey-inc-wpc-2025-08-25/