BI Asset Management Fondsmaeglerselskab A S Boosts Holdings in W.P. Carey Inc. $WPC

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 10.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,100 shares of the real estate investment trust’s stock after acquiring an additional 1,145 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in W.P. Carey were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in W.P. Carey by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust’s stock valued at $758,000 after acquiring an additional 1,442 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in W.P. Carey by 4.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust’s stock valued at $38,272,000 after acquiring an additional 26,665 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in W.P. Carey during the 1st quarter valued at about $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in W.P. Carey by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust’s stock valued at $119,235,000 after acquiring an additional 134,523 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in W.P. Carey by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 2,570 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 681 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Price Performance

WPC opened at $66.1190 on Friday. The company’s 50 day simple moving average is $63.90 and its 200 day simple moving average is $62.18. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $67.40. The stock has a market capitalization of $14.48 billion, a PE ratio of 43.50, a P/E/G ratio of 9.71 and a beta of 0.78.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $430.78 million for the quarter, compared to analysts’ expectations of $420.99 million. During the same period last year, the company earned $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. As a group, sell-side analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.90 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, June 30th. W.P. Carey’s dividend payout ratio is 236.84%.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Barclays lifted their price target on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an “underweight” rating in a report on Wednesday. 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 report on Friday, August 15th. BNP Paribas Exane upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 price target for the company in a report on Monday, June 9th. Finally, BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the stock a “neutral” rating in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey currently has an average rating of “Hold” and a consensus price target of $65.67.

W.P. Carey 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.