W.P. Carey Inc. $WPC Stock Holdings Lifted by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its holdings in W.P. Carey Inc. (NYSE:WPC) by 3.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,764 shares of the real estate investment trust’s stock after buying an additional 1,767 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in W.P. Carey were worth $3,267,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of W.P. Carey by 274.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock worth $322,630,000 after buying an additional 3,747,898 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of W.P. Carey by 4.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock worth $266,224,000 after buying an additional 195,466 shares during the last quarter. Northern Trust Corp lifted its position in shares of 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 worth $170,198,000 after buying an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of W.P. Carey by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock worth $168,018,000 after buying an additional 20,495 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of W.P. Carey by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,248,019 shares of the real estate investment trust’s stock worth $141,872,000 after buying an additional 10,114 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WPC shares. Evercore ISI lifted their price objective on shares of W.P. Carey from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, July 2nd. BNP Paribas Exane upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research report on Monday, June 9th. Barclays lifted their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a research report on Wednesday. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a “neutral” rating in a research report on Monday, June 9th. Finally, UBS Group lifted their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.67.

W.P. Carey Stock Up 1.6%

WPC stock opened at $66.6040 on Thursday. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $66.80. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 9.58 and a beta of 0.78. The firm’s 50-day moving average is $63.78 and its two-hundred day moving average is $62.03. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The company had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. During the same period in the previous year, the firm earned $1.17 EPS. W.P. Carey’s revenue was up 10.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.90 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.89. The ex-dividend date was Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey’s payout ratio is presently 236.84%.

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.