Barclays Upgrades W. P. Carey to Equal-Weight from Underweight
Fintel reports that on September 4, 2026, Barclays upgraded their outlook for W. P. Carey (NYSE:WPC) from Underweight to Equal-Weight. This rating action follows a prior action on July 22, 2026, when Barclays maintained an Underweight rating on the stock. Additionally, on August 13, 2026, Scotiabank maintained its Sector Perform rating for the company.
The stock closed at $70.27 on September 3, 2026, which was also the pre-action close. This price represents a one-week price change of -0.16% from its baseline close of $70.38 on August 27, 2026. Over a one-month period, the stock experienced a price change of -3.62% from its baseline close of $72.91 on August 3, 2026.
As of August 28, 2026, the current consensus target mean for W. P. Carey was $81.77, with a median of $81.60, representing an implied change of +16.37%. This consensus target mean reflects a revision of +0.10% from the prior consensus target mean of $81.68 on August 4, 2026. Separately, as of September 1, 2026, the current recommendation breakdown consisted of 2 strong buy, 7 buy, 8 hold, 1 sell, and 0 strong sell recommendations, totaling 18 recommendations. This recommendation profile remained unchanged from the prior recommendation period on August 1, 2026, which also had 18 total recommendations with 50.0% positive, 44.4% hold, and 5.6% negative ratings.
W. P. Carey reported its latest earnings on July 28, 2026, with an actual EPS of 0.82, compared to the estimate of 0.707, representing a surprise of +15.98%. The actual revenue was $461,064,000,000,000.00, compared to the estimate of $452,249,972,000,000.00.
According to the company's EX-99.1 filing dated July 28, 2026, W. P. Carey disposed of 28 properties during the first half of 2026 for gross proceeds totaling $246.2 million, including nine properties during the 2026 second quarter for gross proceeds totaling $83.7 million. As of June 30, 2026, contractual same-store rent growth was 2.6% year over year on a constant currency basis. The net lease portfolio consisted of 1,748 properties, comprising 188 million square feet leased to 384 tenants, with a weighted-average lease term of 12.2 years and an occupancy rate of 98.5%. Total liquidity was $2.7 billion, primarily comprising $1.9 billion of available capacity.
In its Form 10-Q filed on July 29, 2026, W. P. Carey reported basic and diluted earnings per share of $0.82 for the three months ended June 30, 2026. Net income for the three months ended June 30, 2026, was $185,659 thousand.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 4, 2026 | Barclays | Underweight | Equal-Weight | upgrade |
| August 13, 2026 | Scotiabank | Sector Perform | Sector Perform | maintained |
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This story originally appeared on Fintel.