W.P. Carey (WPC) has shown resilience in recent trading sessions, with a current price of $64.99 as of 2025-03-10. The stock is trading above its 50-day moving average of $61.48, indicating a bullish trend. The MACD is positive at 2.23, suggesting upward momentum. The RSI of 69.18 indicates the stock is not overbought, leaving room for further gains.
Barclays recently raised its price target for WPC to $60 from $56, reflecting increased confidence in the stock's performance. Additionally, WPC has been highlighted as a strong buy candidate due to its attractive dividend yield of 5.7% and its diversified portfolio with stable rental income.
WPC currently trades at a price-to-FFO ratio of 12.3x, which is relatively attractive compared to its peers. This valuation, combined with its high dividend yield, makes it an attractive investment opportunity.
Based on the positive technical indicators, favorable news sentiment, and attractive valuation, WPC is expected to rise next week. The target price is predicted to be $66.20, and the recommendation is to buy.
The price of WPC is predicted to go up 26.58%, based on the high correlation periods with EVER. The similarity of these two price pattern on the periods is 99.16%.
WPC
EVER
Scotiabank
2025-03-12
Price Target
$59 → $63
Upside
+1.74%
Wells Fargo
2025-03-10
Price Target
$58 → $66
Upside
+2.34%
Barclays
2025-03-04
Price Target
$56 → $60
Downside
-6.92%