W.P. Carey Inc. $WPC Stake Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,769,189 shares of the real estate investment trust’s stock after acquiring an additional 106,879 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in W.P. Carey were worth $172,742,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new stake in shares of W.P. Carey in the 2nd quarter valued at about $28,000. TCTC Holdings LLC increased its holdings in 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 buying an additional 242 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in W.P. Carey during the first quarter valued at approximately $37,000. V Square Quantitative Management LLC acquired a new stake in W.P. Carey during the second quarter valued at approximately $40,000. Finally, REAP Financial Group LLC lifted its holdings 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 last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Up 0.3%

W.P. Carey stock opened at $67.49 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.19 and a current ratio of 0.25. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $69.79. The company has a 50-day simple moving average of $67.30 and a 200-day simple moving average of $65.19. The firm has a market capitalization of $14.79 billion, a P/E ratio of 40.90, a P/E/G ratio of 9.57 and a beta of 0.80.

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

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.91 per share. 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. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. W.P. Carey’s dividend payout ratio is presently 220.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WPC. Scotiabank boosted their price target on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, September 5th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Evercore ISI boosted their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Finally, Barclays increased their price objective on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research note on Monday, October 20th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.