REAP Financial Group LLC Acquires 238 Shares of W.P. Carey Inc. $WPC

REAP Financial Group LLC lifted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 56.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 660 shares of the real estate investment trust’s stock after purchasing an additional 238 shares during the period. REAP Financial Group LLC’s holdings in W.P. Carey were worth $41,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey during the first quarter worth $26,000. TCTC Holdings LLC grew its holdings in shares of W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 242 shares during the last quarter. Cheviot Value Management LLC bought a new position in W.P. Carey in the first quarter valued at about $37,000. V Square Quantitative Management LLC bought a new position in W.P. Carey in the second quarter valued at about $40,000. Finally, Hilltop National Bank bought a new position in W.P. Carey in the second quarter valued at about $43,000. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WPC. Barclays raised their price target on W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, September 5th. Evercore ISI raised their price target on W.P. Carey from $66.00 to $70.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Royal Bank Of Canada raised their price target on W.P. Carey from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.22.

W.P. Carey Trading Down 1.4%

NYSE:WPC opened at $67.25 on Thursday. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The business’s 50-day moving average price is $66.88 and its two-hundred day moving average price is $63.60. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 9.93 and a beta of 0.81.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly 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, equities analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.91 per share. 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 dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 30th. W.P. Carey’s payout ratio is 239.47%.

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.