Candriam S.C.A. Acquires New Shares in W.P. Carey Inc. $WPC

Key Points

• Candriam S.C.A. acquired 236,875 shares of W.P. Carey Inc., valued at approximately $14.9 million, during the first quarter, increasing its ownership to about 0.11% of the company.
• W.P. Carey has seen recent **positive adjustments** in stock price targets from several analysts, with UBS increasing its target from $63 to $66, while Royal Bank of Canada raised its target from $66 to $67, reflecting a consensus rating of "Hold."
• The company announced an increase in its quarterly **dividend** from $0.89 to $0.90, resulting in an annualized dividend yield of **5.4%**, despite a high payout ratio of 236.84%.

Candriam S.C.A. acquired a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 236,875 shares of the real estate investment trust's stock, valued at approximately $14,949,000. Candriam S.C.A. owned approximately 0.11% of W.P. Carey at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WPC. von Borstel & Associates Inc. bought a new position in W.P. Carey in the first quarter worth about $26,000. TCTC Holdings LLC boosted its position in 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 last quarter. Cheviot Value Management LLC purchased a new stake in W.P. Carey in the 1st quarter worth approximately $37,000. Fourth Dimension Wealth LLC purchased a new stake in W.P. Carey in the 4th quarter worth approximately $44,000. Finally, Quarry LP acquired a new position in shares of W.P. Carey during the 4th quarter worth approximately $50,000. 73.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent research reports. UBS Group increased 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. Royal Bank Of Canada increased their price target on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Evercore ISI raised their target price 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. Barclays raised their target price on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, BNP Paribas set a $66.00 target price on W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, W.P. Carey has a consensus rating of "Hold" and a consensus price target of $65.67.

W.P. Carey Stock Performance

Shares of WPC opened at $66.6040 on Thursday. The stock has a 50-day simple moving average of $63.78 and a 200-day simple moving average of $62.03. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $14.59 billion, a PE ratio of 43.82, a PEG ratio of 9.58 and a beta of 0.78. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.80.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $420.99 million. During the same quarter last year, the business posted $1.17 EPS. 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. On average, analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.90 dividend. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a 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 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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