Robeco Institutional Asset Management B.V. Has $48.12 Million Stock Position in W.P. Carey Inc. $WPC

Robeco Institutional Asset Management B.V. reduced its stake in W.P. Carey Inc. (NYSE:WPC) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 712,132 shares of the real estate investment trust’s stock after selling 112,602 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.33% of W.P. Carey worth $48,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new position in shares of W.P. Carey in the second quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in W.P. Carey in the 2nd quarter valued at $30,000. Salem Investment Counselors Inc. grew its holdings in W.P. Carey by 1,126.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 563 shares in the last quarter. V Square Quantitative Management LLC bought a new position in W.P. Carey during the 2nd quarter worth $40,000. Finally, REAP Financial Group LLC increased its position in W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 238 shares during the period. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $66.37 on Thursday. The firm has a 50 day moving average of $65.94 and a 200-day moving average of $65.85. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.79. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $14.55 billion, a PE ratio of 40.23, a PEG ratio of 5.84 and a beta of 0.79.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data 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 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 analysts’ expectations of $424.44 million. During the same period last year, the firm posted $1.18 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, equities research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 5.5%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is currently 223.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI decreased their price target on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Barclays lifted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of W.P. Carey in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.60.

W.P. Carey Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.