CW Advisors LLC Acquires Shares of 8,943 W.P. Carey Inc. $WPC

Key Points

• CW Advisors LLC has made a new investment of $564,000 in W.P. Carey Inc., acquiring 8,943 shares of the real estate investment trust during the first quarter.
• W.P. Carey recently declared a quarterly dividend of $0.90 per share, up from the previous $0.89, reflecting a strong annual yield of 5.5%.
• The stock received mixed ratings from analysts, with a consensus rating of "Hold" and a price target averaging $65.67, as two analysts rated it a "Buy" while one rated it a "Sell."

CW Advisors LLC purchased a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,943 shares of the real estate investment trust's stock, valued at approximately $564,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPC. von Borstel & Associates Inc. purchased a new position in W.P. Carey in the 1st quarter valued at approximately $26,000. TCTC Holdings LLC boosted its position in W.P. Carey by 100.8% in the 1st 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 purchased a new position in W.P. Carey in the 1st quarter valued at approximately $37,000. Fourth Dimension Wealth LLC purchased a new position in W.P. Carey in the 4th quarter valued at approximately $44,000. Finally, Quarry LP purchased a new position in W.P. Carey in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

W.P. Carey Stock Up 0.9%

NYSE:WPC traded up $0.60 during midday trading on Friday, hitting $67.08. 850,711 shares of the company were exchanged, compared to its average volume of 1,236,036. The company has a fifty day simple moving average of $64.22 and a 200 day simple moving average of $62.54. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $67.40. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $14.69 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 9.71 and a beta of 0.78.

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 EPS 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 firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same period last year, the business earned $1.17 EPS. W.P. Carey's revenue for the quarter 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 analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently disclosed 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 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%. The ex-dividend date was Monday, June 30th. W.P. Carey's dividend payout ratio (DPR) is presently 236.84%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the company a "neutral" rating in a research report on Monday, June 9th. Royal Bank Of Canada lifted their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays lifted 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 report on Wednesday, August 20th. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a research report on Monday, June 9th. Finally, Evercore ISI lifted their price objective on shares of W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. 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, W.P. Carey currently has a consensus rating of "Hold" and a consensus target price of $65.89.

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.