Aberdeen Group plc lifted its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 13.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,932 shares of the real estate investment trust's stock after buying an additional 16,975 shares during the period. Aberdeen Group plc owned about 0.07% of W.P. Carey worth $8,768,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey in the 1st quarter worth about $26,000. TCTC Holdings LLC increased its holdings in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock worth $30,000 after buying an additional 242 shares during the last quarter. Cheviot Value Management LLC bought a new position in W.P. Carey during the 1st quarter valued at about $37,000. V Square Quantitative Management LLC purchased a new stake in W.P. Carey in the 2nd quarter worth about $40,000. Finally, REAP Financial Group LLC raised 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 period. 73.73% of the stock is currently owned by institutional investors.
W.P. Carey Price Performance
Shares of WPC stock opened at $68.19 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $14.93 billion, a P/E ratio of 44.86, a P/E/G ratio of 9.79 and a beta of 0.81. The company's 50-day simple moving average is $67.10 and its two-hundred day simple moving average is $63.78. 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 issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.05. The business had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, equities analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.
W.P. Carey Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.91 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a yield of 5.3%. 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%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on WPC. UBS Group increased their price objective on shares of 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 objective on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Royal Bank Of Canada increased their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised shares of 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, Evercore ISI increased their price objective on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $67.22.
Check Out Our Latest Stock Analysis on W.P. Carey
About W.P. Carey
(
Free Report)
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.
Further Reading
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