Yousif Capital Management LLC Has $5.33 Million Holdings in W. P. Carey Inc. (NYSE:WPC)

Yousif Capital Management LLC trimmed its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,502 shares of the real estate investment trust’s stock after selling 1,530 shares during the period. Yousif Capital Management LLC’s holdings in W. P. Carey were worth $5,333,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WPC. Norges Bank bought a new position in W. P. Carey in the 4th quarter valued at $139,381,000. Demars Financial Group LLC lifted its stake in shares of W. P. Carey by 10,001.1% during the fourth quarter. Demars Financial Group LLC now owns 998,292 shares of the real estate investment trust’s stock valued at $54,387,000 after acquiring an additional 988,409 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of W. P. Carey by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust’s stock valued at $219,170,000 after acquiring an additional 906,622 shares during the period. Northern Trust Corp boosted its holdings in W. P. Carey by 40.3% in the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust’s stock valued at $143,894,000 after acquiring an additional 758,627 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in W. P. Carey in the fourth quarter worth about $31,442,000. 73.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WPC shares. Royal Bank of Canada upped their target price on shares of W. P. Carey from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. BNP Paribas set a $66.00 price objective on shares of W. P. Carey and gave the company a “neutral” rating in a research note on Monday. Scotiabank lifted their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Finally, Barclays set a $61.00 price target on W. P. Carey and gave the company an “underweight” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $100.40.

W. P. Carey Price Performance

Shares of WPC stock opened at $63.31 on Thursday. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average of $61.01 and a 200-day moving average of $59.15.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The business had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

About W. P. Carey

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.