Eisler Capital Management Ltd. Buys New Stake in W.P. Carey Inc. $WPC

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in W.P. Carey Inc., purchasing 149,123 shares valued at approximately $9.4 million during the 1st quarter of the year.
• W.P. Carey reported a 10.5% increase in revenue, achieving $430.78 million, and an EPS of $1.28, surpassing analysts' expectations.
• The company recently announced a quarterly dividend of $0.90 per share, reflecting a dividend yield of 5.5% and an increase from its previous dividend payout.

Eisler Capital Management Ltd. bought a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 149,123 shares of the real estate investment trust's stock, valued at approximately $9,412,000. Eisler Capital Management Ltd. owned 0.07% of W.P. Carey at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of W.P. Carey by 274.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust's stock valued at $322,630,000 after purchasing an additional 3,747,898 shares during the period. Pacer Advisors Inc. boosted its stake in shares of W.P. Carey by 1,016.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust's stock worth $110,564,000 after acquiring an additional 1,595,045 shares in the last quarter. Northern Trust Corp boosted its stake in shares of W.P. Carey by 40.3% during the 4th quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock worth $143,894,000 after acquiring an additional 758,627 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of W.P. Carey in the fourth quarter worth $31,124,000. Finally, Nuveen LLC acquired a new stake in shares of W.P. Carey in the first quarter worth $30,194,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

WPC stock opened at $66.06 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The company has a 50 day moving average price of $64.03 and a 200 day moving average price of $62.36. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $67.40. The stock has a market capitalization of $14.47 billion, a PE ratio of 43.46, a price-to-earnings-growth ratio of 9.62 and a beta of 0.78.

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 EPS 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 net margin of 20.42% and a return on equity of 4.00%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Monday, June 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio is presently 236.84%.

Analysts Set New Price Targets

WPC has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. 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. Barclays lifted their price objective on W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Evercore ISI lifted their price objective on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. Finally, BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price on the stock in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.67.

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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