Acadian Asset Management LLC Raises Stock Holdings in W.P. Carey Inc. $WPC

Key Points

• Acadian Asset Management LLC increased its stake in W.P. Carey Inc. by 15.9%, now owning 44,851 shares valued at approximately $2.83 million.
• Several hedge funds, including Geneos Wealth Management and Focus Partners Wealth, also raised their holdings in W.P. Carey, contributing to a total institutional ownership of 73.73%.
• W.P. Carey recently reported an EPS of $1.28 for the last quarter, exceeding analyst expectations, with a net margin of 20.42% and a year-over-year revenue increase of 10.5%.

Acadian Asset Management LLC increased its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,851 shares of the real estate investment trust's stock after buying an additional 6,159 shares during the quarter. Acadian Asset Management LLC's holdings in W.P. Carey were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of W.P. Carey by 5.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,987 shares of the real estate investment trust's stock worth $1,135,000 after acquiring an additional 860 shares during the period. Belpointe Asset Management LLC lifted its position in shares of W.P. Carey by 22.6% in the 1st quarter. Belpointe Asset Management LLC now owns 23,221 shares of the real estate investment trust's stock worth $1,466,000 after purchasing an additional 4,278 shares during the period. Focus Partners Wealth grew its stake in shares of W.P. Carey by 336.7% in the 1st quarter. Focus Partners Wealth now owns 64,376 shares of the real estate investment trust's stock worth $4,065,000 after acquiring an additional 49,635 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of W.P. Carey by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust's stock worth $142,440,000 after buying an additional 68,414 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position in W.P. Carey by 3.2% during the first quarter. Arete Wealth Advisors LLC now owns 17,982 shares of the real estate investment trust's stock valued at $1,135,000 after acquiring an additional 554 shares during the last quarter. Institutional investors own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WPC. BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a report on Monday, June 9th. UBS Group lifted their price objective on W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Barclays upped their price objective on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Evercore ISI increased their target price on W.P. Carey from $66.00 to $70.00 and gave the company an "in-line" rating in a report on Monday. Finally, Wells Fargo & Company upgraded W.P. Carey from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $67.22.

W.P. Carey Trading Down 0.0%

Shares of W.P. Carey stock opened at $68.68 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $69.00. The company has a 50 day simple moving average of $65.20 and a two-hundred day simple moving average of $63.04. The firm has a market cap of $15.04 billion, a PE ratio of 45.18, a PEG ratio of 10.00 and a beta of 0.82.

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 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $420.99 million. During the same quarter in the previous year, the business posted $1.17 EPS. The company's quarterly revenue 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. Analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

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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