W.P. Carey Inc. $WPC Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in W.P. Carey Inc. by 7.2%, selling 6,515 shares and holding a total of 84,365 shares worth $5,324,000 at the end of the last quarter.
• Barclays and other analysts adjusted their price targets for W.P. Carey, with Barclays setting it at $64.00, while Evercore ISI raised it to $66.00, reflecting a consensus rating of "Hold" with a target of $66.78.
• W.P. Carey reported a quarterly EPS of $1.28, surpassing analysts' expectations and recording a revenue increase of 10.5% year-over-year.

IFM Investors Pty Ltd lessened its stake in W.P. Carey Inc. (NYSE:WPC - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,365 shares of the real estate investment trust's stock after selling 6,515 shares during the period. IFM Investors Pty Ltd's holdings in W.P. Carey were worth $5,324,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. purchased a new position in W.P. Carey in the 1st quarter worth about $26,000. TCTC Holdings LLC raised its holdings in shares of W.P. Carey by 100.8% in the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 242 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of W.P. Carey in the first quarter valued at about $37,000. Fourth Dimension Wealth LLC bought a new stake in shares of W.P. Carey in the fourth quarter valued at about $44,000. Finally, Summit Securities Group LLC grew its stake in W.P. Carey by 60.0% in the first quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W.P. Carey Trading Up 0.7%

Shares of WPC stock traded up $0.45 on Wednesday, hitting $68.54. 175,853 shares of the stock traded hands, compared to its average volume of 1,224,229. The firm's 50-day moving average price is $65.32 and its two-hundred day moving average price is $63.07. 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 market capitalization of $15.01 billion, a PE ratio of 45.12, a PEG ratio of 9.99 and a beta of 0.82. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.00.

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 for the quarter, beating the consensus estimate of $1.23 by $0.05. The firm had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The company's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

Analyst Ratings Changes

WPC has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group lifted their target price on W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Evercore ISI boosted their price target on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research note on Monday. BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target on the stock in a research note on Monday, June 9th. Finally, BNP Paribas set a $66.00 price target on W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $67.22.

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.