Charles Schwab Investment Management Inc. Purchases 20,495 Shares of W.P. Carey Inc. (NYSE:WPC)

Charles Schwab Investment Management Inc. boosted its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,662,310 shares of the real estate investment trust's stock after purchasing an additional 20,495 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.22% of W.P. Carey worth $168,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new position in W.P. Carey in the 1st quarter worth about $26,000. TCTC Holdings LLC grew its holdings in shares of W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 242 shares in the last quarter. Cheviot Value Management LLC bought a new position in shares of W.P. Carey in the first quarter worth approximately $37,000. Bessemer Group Inc. increased its position in shares of W.P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 402 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in W.P. Carey in the fourth quarter valued at approximately $44,000. Institutional investors own 73.73% of the company's stock.

W.P. Carey Trading Down 0.2%

Shares of NYSE:WPC traded down $0.13 on Tuesday, reaching $65.47. 905,749 shares of the company traded hands, compared to its average volume of 1,387,383. The stock has a market capitalization of $14.34 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 9.58 and a beta of 0.78. The business's 50-day simple moving average is $63.46 and its 200 day simple moving average is $61.67. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $66.64.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million during the quarter, compared to analysts' expectations of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%. W.P. Carey's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. As a group, equities analysts anticipate that W.P. Carey Inc. will post 4.87 EPS 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. Investors of record on Monday, June 30th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a dividend yield of 5.5%. W.P. Carey's payout ratio is presently 236.84%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Royal Bank Of Canada raised their price target on W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $61.00 price target on W.P. Carey and gave the stock an "underweight" rating in a research note on Wednesday, May 21st. UBS Group reduced their price objective on W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.00.

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.