W.P. Carey Inc. $WPC Shares Purchased by Presima Securities ULC

Presima Securities ULC boosted its position in W.P. Carey Inc. (NYSE:WPC) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 33,834 shares of the real estate investment trust’s stock after acquiring an additional 932 shares during the quarter. W.P. Carey makes up 0.5% of Presima Securities ULC’s investment portfolio, making the stock its 28th biggest position. Presima Securities ULC’s holdings in W.P. Carey were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. lifted its holdings in W.P. Carey by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 4,145 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 168 shares in the last quarter. Griffin Asset Management Inc. raised its stake in shares of W.P. Carey by 0.6% in the 2nd quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust’s stock valued at $2,011,000 after purchasing an additional 178 shares in the last quarter. BridgePort Financial Solutions LLC raised its stake in shares of W.P. Carey by 0.6% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust’s stock valued at $1,789,000 after purchasing an additional 180 shares in the last quarter. Cooper Financial Group raised its stake in shares of W.P. Carey by 1.5% in the 2nd quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 181 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in shares of W.P. Carey by 2.8% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,877 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the company an “in-line” rating in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Scotiabank upped their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Finally, Barclays increased their price objective on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research note on Monday, October 20th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.89.

W.P. Carey Price Performance

WPC opened at $66.03 on Friday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 9.57 and a beta of 0.81. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.79. The company’s 50-day moving average price is $67.46 and its 200 day moving average price is $64.48. The company has a quick ratio of 0.19, a current ratio of 0.25 and a debt-to-equity ratio of 1.02.

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 for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. W.P. Carey’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, sell-side analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.91 dividend. The ex-dividend date was Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio (DPR) is 220.61%.

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.