Y Intercept Hong Kong Ltd Takes $353,000 Position in W.P. Carey Inc. $WPC

Y Intercept Hong Kong Ltd acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,666 shares of the real estate investment trust’s stock, valued at approximately $353,000.

Several other institutional investors have also added to or reduced their stakes in WPC. TCTC Holdings LLC increased its position in W.P. Carey by 100.8% during the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Cheviot Value Management LLC acquired a new stake in shares of W.P. Carey during the first quarter worth $37,000. V Square Quantitative Management LLC acquired a new stake in shares of W.P. Carey during the second quarter worth $40,000. REAP Financial Group LLC raised its stake in W.P. Carey by 56.4% during the second 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 last quarter. Finally, Hilltop National Bank bought a new position in W.P. Carey during the second quarter worth $43,000. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Price Performance

Shares of WPC opened at $67.35 on Friday. The firm’s 50-day simple moving average is $67.45 and its two-hundred day simple moving average is $64.65. 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 PE ratio of 40.82, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.79.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million during the quarter, compared to analysts’ expectations of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on WPC. Barclays upped 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. Royal Bank Of Canada lifted their price objective on shares of W.P. Carey from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $72.00 in a research note on Thursday, September 11th. Finally, Evercore ISI raised their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.89.

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.