American Century Companies Inc. Increases Position in W.P. Carey Inc. $WPC

Key Points

• American Century Companies Inc. has increased its holdings in W.P. Carey Inc. by 10.2%, owning 72,070 shares valued at approximately $4.55 million.
• W.P. Carey reported $1.28 EPS for its last quarter, surpassing expectations, and its revenue increased by 10.5% year-over-year to $430.78 million.
• The company recently raised its quarterly dividend to $0.90, resulting in an annualized yield of 5.4%.

American Century Companies Inc. boosted its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,070 shares of the real estate investment trust's stock after purchasing an additional 6,685 shares during the period. American Century Companies Inc.'s holdings in W.P. Carey were worth $4,548,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in W.P. Carey by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 1,442 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of W.P. Carey by 4.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust's stock worth $38,272,000 after buying an additional 26,665 shares during the last quarter. Capital Advisors Inc. OK acquired a new position in shares of W.P. Carey during the 1st quarter worth about $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of W.P. Carey by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock worth $119,235,000 after buying an additional 134,523 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of W.P. Carey by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 2,570 shares of the real estate investment trust's stock worth $162,000 after buying an additional 681 shares during the last quarter. Institutional investors own 73.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price objective on shares of W.P. Carey from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. 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 note on Wednesday, August 20th. Evercore ISI raised their target price on shares of W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada raised their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, UBS Group raised 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $65.89.

W.P. Carey Price Performance

Shares of NYSE WPC traded up $0.60 during mid-day trading on Monday, reaching $67.08. 850,711 shares of the company were exchanged, compared to its average volume of 1,204,948. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $67.40. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $14.69 billion, a PE ratio of 44.13, a PEG ratio of 9.80 and a beta of 0.82. The company's 50 day moving average price is $64.27 and its 200 day moving average price is $62.66.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly 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 business had revenue of $430.78 million during the quarter, compared to the consensus estimate of $420.99 million. During the same period in the previous year, the firm posted $1.17 earnings per share. 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. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.90 dividend. This is a boost from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, June 30th. W.P. Carey's payout ratio is currently 236.84%.

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.