AlphaQuest LLC Has $1.08 Million Holdings in W.P. Carey Inc. $WPC

AlphaQuest LLC cut its holdings in W.P. Carey Inc. (NYSE:WPC) by 20.0% during the second quarter, Holdings Channel.com reports. The firm owned 17,357 shares of the real estate investment trust’s stock after selling 4,327 shares during the quarter. AlphaQuest LLC’s holdings in W.P. Carey were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $26,000. TCTC Holdings LLC raised its holdings in shares of W.P. Carey by 100.8% in the first 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 last quarter. Cheviot Value Management LLC acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $37,000. V Square Quantitative Management LLC acquired a new stake in shares of W.P. Carey in the second quarter valued at approximately $40,000. Finally, REAP Financial Group LLC raised its holdings in shares of W.P. Carey by 56.4% in the second quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Trading Down 1.7%

Shares of W.P. Carey stock opened at $66.76 on Friday. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $69.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 9.66 and a beta of 0.81. The business has a fifty day simple moving average of $67.43 and a two-hundred day simple moving average of $64.20.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company had revenue of $430.78 million during the quarter, compared to the consensus estimate of $420.99 million. During the same quarter last year, the firm earned $1.17 earnings per share. The company’s 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. Research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.91 per share. 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 dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s payout ratio is 239.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WPC. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research note on Friday. 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 company from $68.00 to $72.00 in a research note on Thursday, September 11th. UBS Group raised their target price on shares of W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Evercore ISI raised their target price on shares of W.P. Carey from $66.00 to $70.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Scotiabank raised their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.44.

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.