9,120 Shares in W.P. Carey Inc. $WPC Bought by Roof Eidam Maycock Peralta LLC

Key Points

• Roof Eidam Maycock Peralta LLC purchased 9,120 shares of W.P. Carey Inc. for approximately $569,000 during the 2nd quarter, illustrating growing interest from institutional investors.
• W.P. Carey reported earnings per share of $1.28 for the last quarter, exceeding analyst expectations, with a revenue increase of 10.5% compared to the previous year.
• The company announced a quarterly dividend increase to $0.91, representing a dividend yield of 5.3%, indicating strong returns for investors.

Roof Eidam Maycock Peralta LLC bought a new position in W.P. Carey Inc. (NYSE:WPC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,120 shares of the real estate investment trust's stock, valued at approximately $569,000.

A number of other hedge funds also recently added to or reduced their stakes in WPC. von Borstel & Associates Inc. bought a new position in shares of W.P. Carey during the first quarter worth about $26,000. TCTC Holdings LLC boosted its stake in W.P. Carey by 100.8% during the 1st 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 period. Cheviot Value Management LLC acquired a new position in W.P. Carey during the 1st quarter valued at about $37,000. V Square Quantitative Management LLC bought a new position in W.P. Carey in the 2nd quarter worth about $40,000. Finally, REAP Financial Group LLC grew its position in W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 238 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WPC shares. Royal Bank Of Canada lifted their price target on W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company raised W.P. Carey from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. UBS Group boosted their price target on W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Barclays increased their price target on W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Finally, Scotiabank lifted their price objective 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 stock. According to MarketBeat, W.P. Carey has a consensus rating of "Hold" and an average price target of $67.22.

W.P. Carey Stock Down 0.1%

WPC opened at $68.13 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $14.92 billion, a PE ratio of 44.82, a P/E/G ratio of 9.86 and a beta of 0.81. The stock's fifty day moving average is $67.15 and its 200-day moving average is $63.82. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $69.79.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) 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 firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same period in the previous year, the company earned $1.17 earnings per share. W.P. Carey's revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities analysts predict 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. Investors of record on Tuesday, September 30th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date 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 presently 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.

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