Campbell & CO Investment Adviser LLC Sells 28,022 Shares of W.P. Carey Inc. $WPC

Campbell & CO Investment Adviser LLC trimmed its position in shares of W.P. Carey Inc. (NYSE:WPC) by 74.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,548 shares of the real estate investment trust’s stock after selling 28,022 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in W.P. Carey were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in W.P. Carey by 274.7% during the first 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. Northern Trust Corp raised its holdings 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 acquiring an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $168,018,000 after acquiring an additional 20,495 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in W.P. Carey by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust’s stock valued at $142,440,000 after purchasing an additional 68,414 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in W.P. Carey by 1,016.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust’s stock valued at $110,564,000 after purchasing an additional 1,595,045 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $67.58 on Friday. 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 is $67.49 and its 200 day moving average is $64.87. 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 company has a market capitalization of $14.81 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The business had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. During the same quarter in the previous year, the firm posted $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. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.91 dividend. 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 yield of 5.4%. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s dividend payout ratio (DPR) is 220.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WPC. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Scotiabank upped 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 research note on Friday, September 5th. Barclays raised their price target on shares of W.P. Carey from $64.00 to $66.00 and gave the company an “underweight” rating in a research report on Monday, October 20th. Finally, UBS Group upped their price objective 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.89.

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.