W. P. Carey Inc. (NYSE:WPC) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 39.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,945 shares of the real estate investment trust's stock after selling 26,302 shares during the quarter. Gateway Investment Advisers LLC's holdings in W. P. Carey were worth $2,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. National Pension Service purchased a new position in W. P. Carey in the 4th quarter worth $25,000. Wingate Wealth Advisors Inc. bought a new position in shares of W. P. Carey during the fourth quarter valued at about $37,000. Millstone Evans Group LLC bought a new position in shares of W. P. Carey during the fourth quarter valued at about $37,000. Bessemer Group Inc. increased its holdings in shares of W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after buying an additional 402 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of W. P. Carey in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WPC. UBS Group decreased their target price on shares of W. P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. BNP Paribas Exane upgraded shares of W. P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a research report on Monday. Scotiabank upped their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price target on W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $100.40.

W. P. Carey Trading Down 0.1%

WPC traded down $0.04 during trading hours on Thursday, reaching $63.30. 818,645 shares of the company's stock traded hands, compared to its average volume of 1,171,333. The firm has a 50-day moving average price of $61.01 and a 200 day moving average price of $59.15. The firm has a market capitalization of $13.86 billion, a PE ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to the consensus estimate of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. W. P. Carey's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. As a group, sell-side analysts predict that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

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.