Amundi Has $16.98 Million Stock Holdings in W.P. Carey Inc. $WPC

Amundi grew its stake in W.P. Carey Inc. (NYSE:WPC - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,671 shares of the real estate investment trust's stock after buying an additional 4,968 shares during the period. Amundi owned 0.13% of W.P. Carey worth $16,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of W.P. Carey in the first quarter valued at about $26,000. TCTC Holdings LLC increased its stake in shares of W.P. Carey by 100.8% in the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 242 shares during the period. Cheviot Value Management LLC acquired a new stake in shares of W.P. Carey in the first quarter valued at about $37,000. Fourth Dimension Wealth LLC acquired a new stake in shares of W.P. Carey in the fourth quarter valued at about $44,000. Finally, Summit Securities Group LLC increased its stake in shares of W.P. Carey by 60.0% in the first quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Stock Down 1.1%

Shares of NYSE:WPC opened at $67.38 on Tuesday. The business's 50 day simple moving average is $64.67 and its two-hundred day simple moving average is $62.89. The firm has a market cap of $14.75 billion, a P/E ratio of 44.33, a PEG ratio of 9.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $68.28.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same quarter in the prior year, the company earned $1.17 earnings per share. 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. As a group, research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.90 dividend. This is a boost from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, June 30th. W.P. Carey's dividend payout ratio is 236.84%.

Analyst Ratings Changes

WPC has been the subject of several recent research reports. UBS Group increased their price target 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. Evercore ISI raised their target price on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised their target price on 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. Scotiabank increased their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, BNP Paribas set a $66.00 price target on W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, W.P. Carey has an average rating of "Hold" and a consensus target price of $66.33.

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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