W.P. Carey Inc. $WPC Position Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in shares of W.P. Carey Inc. (NYSE:WPC) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 263,873 shares of the real estate investment trust’s stock after selling 23,972 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.12% of W.P. Carey worth $16,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WPC. MTM Investment Management LLC bought a new position in W.P. Carey during the second quarter valued at about $28,000. Cheviot Value Management LLC bought a new stake in W.P. Carey in the first quarter worth about $37,000. V Square Quantitative Management LLC acquired a new stake in W.P. Carey in the 2nd quarter valued at about $40,000. REAP Financial Group LLC boosted its position in shares of W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of W.P. Carey during the 2nd quarter valued at about $43,000. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Trading Up 0.1%

NYSE WPC opened at $67.49 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.19 and a debt-to-equity ratio of 1.02. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The firm’s fifty day simple moving average is $67.31 and its 200-day simple moving average is $65.25. The company has a market capitalization of $14.79 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data 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. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm had revenue of $431.30 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, sell-side analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.91 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, September 30th. W.P. Carey’s dividend payout ratio is currently 220.61%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of W.P. Carey from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Scotiabank increased their price objective on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research report on Friday, September 5th. UBS Group raised their price objective on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $68.00 to $72.00 in a research report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, W.P. Carey presently has an average rating of “Hold” and an average price target of $67.89.

W.P. Carey Company Profile

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.