Gateway Investment Advisers LLC Has $3.20 Million Stock Position in W.P. Carey Inc. $WPC

Key Points

• Gateway Investment Advisers LLC increased its stake in W.P. Carey Inc. by 28.3% in Q2, owning 51,235 shares valued at approximately $3.20 million.
• W.P. Carey reported an EPS of $1.28 for its last quarter, which exceeded analysts' estimates, with a year-over-year revenue growth of 10.5%.
• Currently, 73.73% of W.P. Carey stock is held by institutional investors and hedge funds, indicating strong institutional interest in the company.

Gateway Investment Advisers LLC increased its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 28.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,235 shares of the real estate investment trust's stock after acquiring an additional 11,290 shares during the quarter. Gateway Investment Advisers LLC's holdings in W.P. Carey were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of W.P. Carey by 130.2% during the 4th quarter. Janus Henderson Group PLC now owns 27,585 shares of the real estate investment trust's stock valued at $1,503,000 after buying an additional 15,600 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of W.P. Carey by 120.2% in the 4th quarter. Quantinno Capital Management LP now owns 50,382 shares of the real estate investment trust's stock worth $2,745,000 after acquiring an additional 27,498 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of W.P. Carey by 6.8% in the 4th quarter. Toronto Dominion Bank now owns 29,414 shares of the real estate investment trust's stock worth $1,602,000 after acquiring an additional 1,863 shares during the period. Two Sigma Investments LP lifted its position in shares of W.P. Carey by 30.5% in the fourth quarter. Two Sigma Investments LP now owns 47,797 shares of the real estate investment trust's stock worth $2,604,000 after purchasing an additional 11,180 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in W.P. Carey in the 4th quarter worth approximately $458,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WPC shares. BNP Paribas set a $66.00 target price on W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th. Evercore ISI upped their target price on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Scotiabank boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Barclays lifted their target price on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.22.

W.P. Carey Stock Down 0.4%

Shares of NYSE:WPC traded down $0.28 during midday trading on Friday, reaching $67.17. The company's stock had a trading volume of 3,449,779 shares, compared to its average volume of 1,062,748. The firm has a 50 day moving average of $65.62 and a 200-day moving average of $63.13. The firm has a market capitalization of $14.71 billion, a P/E ratio of 44.19, a PEG ratio of 9.78 and a beta of 0.82. W.P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $69.00. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97.

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, beating the consensus estimate of $1.23 by $0.05. The firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey's dividend payout ratio is presently 239.47%.

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.