Campbell & CO Investment Adviser LLC Boosts Position in W.P. Carey Inc. $WPC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in W.P. Carey Inc. by 27.8%, owning a total of 37,570 shares valued at $2.37 million at the end of the last reporting period.
• W.P. Carey reported earnings per share of $1.28 for the last quarter, exceeding analyst estimates of $1.23, while revenue increased by 10.5% year-over-year to $430.78 million.
• The company also declared a quarterly dividend of $0.90 per share, up from the previous $0.89, representing an annualized yield of 5.4% with a high dividend payout ratio of 236.84%.

Campbell & CO Investment Adviser LLC boosted its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 27.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,570 shares of the real estate investment trust's stock after acquiring an additional 8,176 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in W.P. Carey were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in W.P. Carey by 13.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock valued at $758,000 after purchasing an additional 1,442 shares during the period. Envestnet Asset Management Inc. grew its holdings in W.P. Carey by 4.6% during the first quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust's stock valued at $38,272,000 after purchasing an additional 26,665 shares during the period. Capital Advisors Inc. OK bought a new stake in W.P. Carey during the first quarter valued at about $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in W.P. Carey by 6.5% during the fourth 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 valued at $119,235,000 after purchasing an additional 134,523 shares during the period. Finally, GAMMA Investing LLC grew its holdings in W.P. Carey by 36.1% during the first quarter. GAMMA Investing LLC now owns 2,570 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 681 shares during the period. Institutional investors own 73.73% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price target on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Evercore ISI boosted their price target on W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada boosted 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. UBS Group upped their price objective on W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Finally, BNP Paribas set a $66.00 price objective on W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Two equities 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.67.

W.P. Carey Stock Performance

NYSE WPC opened at $66.1190 on Monday. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 9.65 and a beta of 0.78. 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 business has a 50-day moving average price of $63.90 and a 200-day moving average price of $62.26. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $67.40.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share 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 during the quarter, compared to analyst estimates of $420.99 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The business's quarterly 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. As a group, equities research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, June 30th. 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 yield of 5.4%. W.P. Carey's dividend payout ratio is currently 236.84%.

About W.P. Carey

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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