5,094 Shares in W.P. Carey Inc. $WPC Purchased by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC acquired 5,094 shares of W.P. Carey Inc. valued at approximately $318,000, indicating growing interest from institutional investors in the real estate investment trust.
• W.P. Carey reported earnings of $1.28 per share, surpassing expectations, with revenues increasing by 10.5% year-over-year to $430.78 million.
• The company recently raised its quarterly dividend to $0.91 per share, demonstrating its commitment to returning profits to shareholders with a yield of 5.3%.

Woodward Diversified Capital LLC purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,094 shares of the real estate investment trust's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WPC. Two Sigma Advisers LP acquired a new position in W.P. Carey during the fourth quarter worth about $458,000. GAMMA Investing LLC raised its stake in W.P. Carey by 8,486.2% during the first quarter. GAMMA Investing LLC now owns 162,193 shares of the real estate investment trust's stock worth $10,236,000 after purchasing an additional 160,304 shares during the period. Parallel Advisors LLC raised its stake in W.P. Carey by 37.8% during the first quarter. Parallel Advisors LLC now owns 4,154 shares of the real estate investment trust's stock worth $262,000 after purchasing an additional 1,139 shares during the period. NBC Securities Inc. raised its stake in W.P. Carey by 108,600.0% during the first quarter. NBC Securities Inc. now owns 8,696 shares of the real estate investment trust's stock worth $548,000 after purchasing an additional 8,688 shares during the period. Finally, LVW Advisors LLC purchased a new position in W.P. Carey during the first quarter worth about $215,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on WPC. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price on the stock in a research note on Monday, June 9th. Evercore ISI lifted their target price on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Wells Fargo & Company raised shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $72.00 in a research note on Thursday, September 11th. Royal Bank Of Canada lifted their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the company a "neutral" rating in a research note on Monday, June 9th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, W.P. Carey has a consensus rating of "Hold" and a consensus target price of $67.22.

W.P. Carey Price Performance

Shares of WPC opened at $68.50 on Thursday. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.00. The firm's 50 day moving average price is $66.49 and its 200 day moving average price is $63.38. The company has a market cap of $15.00 billion, a P/E ratio of 45.06, a PEG ratio of 9.84 and a beta of 0.81. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The firm had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. During the same period in the prior year, the firm earned $1.17 EPS. The firm's revenue for the quarter 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. On average, research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is 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 Company 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.

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