Gateway Investment Advisers LLC Grows 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 position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 28.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,235 shares of the real estate investment trust's stock after acquiring an additional 11,290 shares during the period. Gateway Investment Advisers LLC's holdings in W.P. Carey were worth $3,196,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 worth $758,000 after acquiring an additional 1,442 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake 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 acquiring an additional 26,665 shares in the last quarter. Capital Advisors Inc. OK acquired a new position in W.P. Carey during the 1st quarter worth about $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 acquiring an additional 134,523 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new position in W.P. Carey during the 1st quarter worth about $372,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Stock Down 0.4%

Shares of NYSE WPC traded down $0.28 during midday trading on Friday, hitting $67.17. 3,449,779 shares of the company's stock were exchanged, compared to its average volume of 1,062,748. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.00. The company has a market cap of $14.71 billion, a PE ratio of 44.19, a P/E/G ratio of 9.82 and a beta of 0.82. The firm's fifty day simple moving average is $65.62 and its 200-day simple moving average is $63.14.

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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same quarter last year, the company earned $1.17 EPS. The business's quarterly revenue 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. Research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current fiscal 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. This is a boost from W.P. Carey's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.64 annualized dividend and a dividend yield of 5.4%. W.P. Carey's dividend payout ratio is 236.84%.

Analyst Ratings Changes

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