IFM Investors Pty Ltd Decreases Holdings in W.P. Carey Inc. $WPC

Key Points

• IFM Investors Pty Ltd reduced its stake in W.P. Carey Inc. by 7.5% during the second quarter, now holding 78,031 shares worth approximately $4.87 million.
• W.P. Carey has increased its quarterly dividend to $0.91 per share, reflecting a yield of 5.4%, with an ex-dividend date set for September 30th.
• Several analysts have upgraded W.P. Carey’s stock ratings, with Wells Fargo raising its target price from $68.00 to $72.00 and a consensus rating of "Hold" with a target price of $67.22.

IFM Investors Pty Ltd lessened its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,031 shares of the real estate investment trust's stock after selling 6,334 shares during the period. IFM Investors Pty Ltd's holdings in W.P. Carey were worth $4,868,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Two Sigma Investments LP lifted its holdings in shares of W.P. Carey by 30.5% during the 4th quarter. Two Sigma Investments LP now owns 47,797 shares of the real estate investment trust's stock valued at $2,604,000 after acquiring an additional 11,180 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of W.P. Carey during the 4th quarter worth approximately $458,000. Fourth Dimension Wealth LLC acquired a new position in W.P. Carey during the 4th quarter valued at about $44,000. Sunbelt Securities Inc. boosted its position in shares of W.P. Carey by 71.0% during the fourth quarter. Sunbelt Securities Inc. now owns 5,079 shares of the real estate investment trust's stock worth $277,000 after buying an additional 2,109 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in W.P. Carey in the 4th quarter valued at approximately $217,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on WPC. Wells Fargo & Company raised W.P. Carey from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Barclays boosted their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. 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. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Evercore ISI increased their target price on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.22.

W.P. Carey Stock Performance

Shares of NYSE:WPC traded up $0.00 during midday trading on Monday, reaching $67.17. 828,082 shares of the company traded hands, compared to its average volume of 1,162,934. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 9.78 and a beta of 0.82. 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 Inc. has a 12 month low of $52.91 and a 12 month high of $69.00. The firm's fifty day moving average price is $65.70 and its two-hundred day moving average price is $63.14.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. The firm 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 business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from W.P. Carey's previous quarterly dividend of $0.90. W.P. Carey's dividend payout ratio (DPR) is 236.84%.

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.