W. P. Carey Inc. (WPC – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst John Kim from BMO Capital maintained a Buy rating on the stock and has a $67.00 price target.
John Kim has given his Buy rating due to a combination of factors that highlight W. P. Carey Inc.’s potential for growth and stability. Despite a mixed first quarter in 2025, where there was a slight miss in adjusted funds from operations per share (AFFOps) and some non-cash credit reserves impacting funds from operations (FFO), the company maintained its full-year AFFOps guidance, which is above the consensus. This indicates confidence in their ability to meet investment targets without the need to issue additional equity.
Furthermore, W. P. Carey Inc. has demonstrated strong leasing activity, particularly in the industrial sector, and a solid rent recapture rate. The company has also completed significant investments year-to-date, including a notable sale-leaseback transaction. Additionally, the increase in quarterly dividends reflects a positive outlook on cash flow and shareholder returns. These factors collectively support John Kim’s Buy rating for W. P. Carey Inc.’s stock.