Hsbc Holdings PLC Has $25.53 Million Stock Position in W.P. Carey Inc. $WPC

Key Points

• Hsbc Holdings PLC increased its position in W.P. Carey Inc. by 48.9%, owning 404,702 shares valued at approximately $25.53 million.
• W.P. Carey recently reported earnings per share of $1.28, exceeding analysts' estimates, with revenue of $430.78 million for the quarter.
• The firm has increased its quarterly dividend to $0.90 per share, reflecting a 5.4% yield and a positive shift from the previous quarter's dividend.

Hsbc Holdings PLC boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 48.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 404,702 shares of the real estate investment trust's stock after buying an additional 132,889 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of W.P. Carey worth $25,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPC. JPMorgan Chase & Co. raised its holdings in shares of W.P. Carey by 274.7% in the first 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 last quarter. Pacer Advisors Inc. raised its holdings in shares of W.P. Carey by 1,016.8% in the first quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust's stock valued at $110,564,000 after purchasing an additional 1,595,045 shares during the last quarter. Northern Trust Corp raised its holdings in shares of W.P. Carey by 40.3% in the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after purchasing an additional 758,627 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of W.P. Carey in the fourth quarter valued at approximately $31,124,000. Finally, Nuveen LLC acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $30,194,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Price Performance

Shares of WPC opened at $66.1190 on Friday. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 9.71 and a beta of 0.78. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $67.40. The company's fifty day simple moving average is $63.90 and its 200 day simple moving average is $62.18. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97.

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

W.P. Carey Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.4%. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Monday, June 30th. W.P. Carey's dividend payout ratio (DPR) is presently 236.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WPC shares. UBS Group lifted their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, August 15th. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. 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 report on Monday, June 9th. Evercore ISI boosted their target price on shares of W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Finally, Barclays boosted their target price on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $65.67.

W.P. Carey Company 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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