1,800 Shares in W.P. Carey Inc. $WPC Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,800 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in W.P. Carey by 274.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock valued at $322,630,000 after purchasing an additional 3,747,898 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in W.P. Carey by 4.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock worth $266,224,000 after acquiring an additional 195,466 shares during the last quarter. Northern Trust Corp grew its stake in W.P. Carey by 2.1% during the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock valued at $170,198,000 after acquiring an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in W.P. Carey by 3.1% in 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 acquiring an additional 68,414 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays boosted their target price on W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a report on Monday, October 20th. Scotiabank boosted their price objective on 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. Royal Bank Of Canada raised their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group upped their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Evercore ISI increased their price target 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. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.44.

W.P. Carey Price Performance

WPC stock opened at $66.74 on Tuesday. The business’s fifty day moving average price is $67.47 and its 200 day moving average price is $64.30. 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 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $14.62 billion, a PE ratio of 43.91, a P/E/G ratio of 9.66 and a beta of 0.81.

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 for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million during the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.W.P. Carey’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, sell-side analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s payout ratio is currently 239.47%.

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.