Cbre Investment Management Listed Real Assets LLC Takes $6.57 Million Position in W.P. Carey Inc. $WPC

Cbre Investment Management Listed Real Assets LLC bought a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 105,330 shares of the real estate investment trust’s stock, valued at approximately $6,570,000.

A number of other large investors have also added to or reduced their stakes in the business. TCTC Holdings LLC boosted its position in W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 242 shares during the period. Cheviot Value Management LLC bought a new position in shares of W.P. Carey in the first quarter valued at about $37,000. V Square Quantitative Management LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter worth about $40,000. REAP Financial Group LLC boosted its holdings in shares of 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 period. Finally, Hilltop National Bank acquired a new position in W.P. Carey in the 2nd quarter valued at about $43,000. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Scotiabank increased their target price 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. Barclays boosted their price target on W.P. Carey from $64.00 to $66.00 and gave the company an “underweight” rating in a research note on Monday, October 20th. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. Finally, UBS Group boosted 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 report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.89.

W.P. Carey Stock Down 0.3%

WPC stock opened at $66.26 on Friday. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.79. The business has a 50-day simple moving average of $67.44 and a 200 day simple moving average of $64.61. The company has a quick ratio of 0.19, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. The company has a market cap of $14.52 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 9.57 and a beta of 0.81.

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

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.91 per share. The ex-dividend date was Tuesday, September 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 5.5%. W.P. Carey’s dividend payout ratio is currently 220.61%.

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.