IFM Investors Pty Ltd Sells 6,515 Shares of W.P. Carey Inc. $WPC

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 reduced its stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,365 shares of the real estate investment trust's stock after selling 6,515 shares during the quarter. IFM Investors Pty Ltd's holdings in W.P. Carey were worth $5,324,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey during the first quarter valued at approximately $26,000. TCTC Holdings LLC grew its stake in shares of W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of W.P. Carey during the first quarter valued at approximately $37,000. Fourth Dimension Wealth LLC bought a new stake in shares of W.P. Carey during the fourth quarter valued at approximately $44,000. Finally, Summit Securities Group LLC grew its stake in shares of W.P. Carey by 60.0% during 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. 73.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WPC has been the topic of several research analyst reports. Barclays increased their price target on shares of W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Evercore ISI raised their price objective on shares of W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, July 2nd. Scotiabank raised their price objective on shares of W.P. Carey from $64.00 to $67.00 and gave the company a "sector perform" rating in a research note on Friday, September 5th. UBS Group raised their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Finally, Royal Bank Of Canada raised their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $66.78.

W.P. Carey Stock Up 1.5%

Shares of WPC stock opened at $68.47 on Friday. The firm's fifty day moving average price is $64.96 and its two-hundred day moving average price is $62.99. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $68.63. The firm has a market capitalization of $14.99 billion, a P/E ratio of 45.05, a PEG ratio of 9.82 and a beta of 0.82. 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 announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. The company had revenue of $430.78 million during 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 company's quarterly revenue was up 10.5% on a year-over-year basis. 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 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.

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