Focus Partners Advisor Solutions LLC Has $636,000 Stock Holdings in W.P. Carey Inc. $WPC

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in W.P. Carey Inc. by 63.6% during the first quarter, bringing its total shares to 10,069 valued at $636,000.
• W.P. Carey reported $1.28 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $1.23, with a year-over-year revenue increase of 10.5%.
• The company announced a quarterly dividend of $0.90 per share, up from $0.89, resulting in an annualized dividend yield of 5.4%.

Focus Partners Advisor Solutions LLC raised its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 63.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,069 shares of the real estate investment trust's stock after purchasing an additional 3,916 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in W.P. Carey were worth $636,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in W.P. Carey by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock valued at $758,000 after purchasing an additional 1,442 shares during the last quarter. Envestnet Asset Management Inc. increased its position in W.P. Carey by 4.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust's stock worth $38,272,000 after buying an additional 26,665 shares during the period. Capital Advisors Inc. OK bought a new position in W.P. Carey during the 1st quarter worth $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in W.P. Carey by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock worth $119,235,000 after buying an additional 134,523 shares during the period. Finally, Ethos Financial Group LLC bought a new position in W.P. Carey during the 1st quarter worth $372,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Price Performance

W.P. Carey stock traded up $1.17 during midday trading on Friday, reaching $68.07. The company's stock had a trading volume of 1,365,618 shares, compared to its average volume of 1,084,121. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $68.28. 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 business has a 50-day moving average price of $64.57 and a 200-day moving average price of $62.85. The stock has a market cap of $14.91 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 9.97 and a beta of 0.82.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, sell-side analysts predict 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 $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 5.3%. The ex-dividend date was Monday, June 30th. W.P. Carey's dividend payout ratio (DPR) is presently 236.84%.

Wall Street Analysts Forecast Growth

WPC has been the topic of several recent research reports. UBS Group increased 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. Barclays increased their price objective 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. Evercore ISI increased their price objective on 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. Scotiabank increased 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. Finally, Royal Bank Of Canada raised their price target on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $66.33.

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.