W.P. Carey Inc. $WPC Holdings Increased by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in W.P. Carey Inc. (NYSE:WPC) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,051 shares of the real estate investment trust’s stock after acquiring an additional 9,706 shares during the period. Osaic Holdings Inc. owned 0.10% of W.P. Carey worth $13,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in WPC. Andra AP fonden increased its position in shares of W.P. Carey by 27.9% during the 2nd quarter. Andra AP fonden now owns 160,700 shares of the real estate investment trust’s stock valued at $10,024,000 after purchasing an additional 35,100 shares during the period. Exchange Traded Concepts LLC boosted its stake in W.P. Carey by 6.6% during the second quarter. Exchange Traded Concepts LLC now owns 63,927 shares of the real estate investment trust’s stock valued at $3,988,000 after buying an additional 3,986 shares in the last quarter. Jump Financial LLC acquired a new position in W.P. Carey during the first quarter worth about $4,605,000. Advisors Capital Management LLC raised its position in W.P. Carey by 6.4% in the second quarter. Advisors Capital Management LLC now owns 875,988 shares of the real estate investment trust’s stock worth $54,644,000 after acquiring an additional 52,660 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in W.P. Carey by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock valued at $170,198,000 after acquiring an additional 55,615 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Trading Up 0.2%

W.P. Carey stock opened at $64.57 on Friday. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 6.03 and a beta of 0.78. The company has a 50 day moving average price of $66.66 and a 200 day moving average price of $65.68.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The company had revenue of $431.30 million during the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.92 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 5.7%. W.P. Carey’s dividend payout ratio (DPR) is presently 220.61%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WPC shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $69.00 price objective on shares of W.P. Carey in a research note on Monday, December 8th. Barclays raised their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Evercore ISI cut their price objective on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a research report on Monday. Finally, Scotiabank raised their price objective on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.50.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.