CSM Advisors LLC Takes $14.50 Million Position in W.P. Carey Inc. $WPC

CSM Advisors LLC bought a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 232,513 shares of the real estate investment trust’s stock, valued at approximately $14,504,000. CSM Advisors LLC owned approximately 0.11% of W.P. Carey at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its stake in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 242 shares in the last quarter. Cheviot Value Management LLC acquired a new position in W.P. Carey during the first quarter worth about $37,000. V Square Quantitative Management LLC bought a new stake in W.P. Carey in the second quarter worth about $40,000. REAP Financial Group LLC lifted its holdings in W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 238 shares during 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. 73.73% of the stock is owned by institutional investors.

W.P. Carey Trading Up 1.7%

NYSE WPC opened at $67.35 on Friday. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.19 and a current ratio of 0.25. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 9.57 and a beta of 0.80. The firm’s 50 day moving average price is $67.45 and its two-hundred day moving average price is $64.66.

W.P. Carey (NYSE:WPC) last released its earnings results 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 company had revenue of $431.30 million during the quarter, compared to analyst estimates of $424.44 million. During the same quarter in the prior year, the company earned $1.18 earnings per share. The company’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. Equities analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.91 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 annualized dividend and a yield of 5.4%. W.P. Carey’s dividend payout ratio (DPR) is presently 220.61%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WPC. Scotiabank boosted their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a report on Friday, September 5th. UBS Group lifted their price target on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Finally, Barclays boosted their target price on W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and an average price target of $67.89.

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.