Demars Financial Group LLC Has $1.13 Million Stock Position in W.P. Carey Inc. $WPC

Key Points

• Demars Financial Group LLC significantly reduced its stake in W.P. Carey Inc. by 98.3% during the second quarter, holding just 18,028 shares at a value of $1.13 million.
• W.P. Carey recently verified a quarterly dividend increase to $0.91 per share, representing a yield of 5.3%, despite a high payout ratio of 239.47%.
• The company showed strong financial performance with an EPS of $1.28 for the last quarter, surpassing estimates, and a year-over-year revenue growth of 10.5%.

Demars Financial Group LLC decreased its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 98.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,028 shares of the real estate investment trust's stock after selling 1,042,788 shares during the period. W.P. Carey accounts for approximately 0.4% of Demars Financial Group LLC's portfolio, making the stock its 22nd biggest position. Demars Financial Group LLC's holdings in W.P. Carey were worth $1,125,000 at the end of the most recent reporting period.

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 worth about $26,000. TCTC Holdings LLC lifted its position 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 worth $30,000 after buying an additional 242 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of W.P. Carey in the first quarter worth about $37,000. V Square Quantitative Management LLC acquired a new stake in shares of W.P. Carey in the second quarter worth about $40,000. Finally, REAP Financial Group LLC lifted its position in shares of W.P. Carey by 56.4% in the second quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust's stock worth $41,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Price Performance

NYSE WPC opened at $68.47 on Monday. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. 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 $14.99 billion, a PE ratio of 45.04, a P/E/G ratio of 9.90 and a beta of 0.81. The stock has a 50-day simple moving average of $67.20 and a 200 day simple moving average of $63.88.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.23 by $0.05. The firm 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%.The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.91 dividend. This is a positive change from W.P. Carey's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 annualized dividend and a yield of 5.3%. W.P. Carey's payout ratio is currently 239.47%.

Wall Street Analysts Forecast Growth

WPC has been the subject of a number of analyst reports. Evercore ISI boosted their price target on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Barclays boosted their price target on W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of W.P. Carey in a research report on Wednesday, October 8th. UBS Group boosted their price objective on W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Finally, Scotiabank boosted their price objective on W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, W.P. Carey currently has an average rating of "Hold" and an average target price of $67.22.

W.P. Carey 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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