Ieq Capital LLC Has $600,000 Position in W.P. Carey Inc. $WPC

Key Points

• Ieq Capital LLC increased its holdings in W.P. Carey Inc. by 127.8%, acquiring an additional 5,335 shares during the first quarter, bringing their total to 9,508 shares valued at approximately $600,000.
• W.P. Carey recently announced a quarterly dividend increase to $0.90 per share, up from $0.89, resulting in a 5.4% yield for investors.
• Analysts have set a new average target price of $65.89 for W.P. Carey, with the stock currently rated as a Hold by the majority of analysts.

Ieq Capital LLC lifted its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 127.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,508 shares of the real estate investment trust's stock after purchasing an additional 5,335 shares during the period. Ieq Capital LLC's holdings in W.P. Carey were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WPC. von Borstel & Associates Inc. bought a new stake in W.P. Carey in the 1st quarter valued at about $26,000. TCTC Holdings LLC grew its holdings in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 242 shares during the last quarter. Cheviot Value Management LLC bought a new stake in W.P. Carey during the 1st quarter worth about $37,000. Fourth Dimension Wealth LLC bought a new position in shares of W.P. Carey in the 4th quarter valued at about $44,000. Finally, Summit Securities Group LLC boosted its stake in W.P. Carey by 60.0% during the 1st quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 300 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group upped 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. Wells Fargo & Company increased their target price on W.P. Carey from $66.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Barclays raised their price objective 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. Scotiabank lifted their price objective on W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, Royal Bank Of Canada lifted 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, W.P. Carey has a consensus rating of "Hold" and an average target price of $66.33.

W.P. Carey Price Performance

Shares of WPC stock traded down $0.84 during trading hours on Monday, reaching $67.29. The company had a trading volume of 430,797 shares, compared to its average volume of 1,232,587. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 9.97 and a beta of 0.82. W.P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $68.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a fifty day moving average of $64.57 and a 200-day moving average of $62.85.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $420.99 million. During the same period in the prior year, the business earned $1.17 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.90 per share. The ex-dividend date was Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.4%. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio is presently 236.84%.

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.