Invst LLC Buys New Holdings in W.P. Carey Inc. $WPC

Key Points

• Invst LLC purchased 11,633 shares of W.P. Carey Inc. for approximately $734,000, as disclosed in a recent 13F filing with the SEC.
• W.P. Carey reported an earnings per share of $1.28 for the last quarter, beating analysts' expectations and showing 10.5% revenue growth year-over-year.
• New analyst ratings have shifted, with Wells Fargo upgrading W.P. Carey from an "equal weight" to an "overweight" rating and increasing the price target from $68.00 to $72.00.

Invst LLC purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,633 shares of the real estate investment trust's stock, valued at approximately $734,000.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of W.P. Carey by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock worth $758,000 after buying an additional 1,442 shares during the period. Envestnet Asset Management Inc. grew its holdings in W.P. Carey by 4.6% during the first quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust's stock valued at $38,272,000 after purchasing an additional 26,665 shares during the period. Capital Advisors Inc. OK acquired a new position in W.P. Carey during the first quarter valued at approximately $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in W.P. Carey by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock valued at $119,235,000 after purchasing an additional 134,523 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in W.P. Carey during the first quarter valued at approximately $372,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Stock Performance

WPC stock traded down $0.26 during trading on Thursday, hitting $67.68. The company had a trading volume of 247,152 shares, compared to its average volume of 1,223,755. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $65.44 and a 200-day moving average price of $63.11. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.00. The firm has a market cap of $14.82 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 9.91 and a beta of 0.82.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group boosted 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. Scotiabank boosted 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 report on Friday, September 5th. Wells Fargo & Company upgraded shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $72.00 in a report on Thursday, September 11th. Evercore ISI boosted their price objective on shares of W.P. Carey from $66.00 to $70.00 and gave the company an "in-line" rating in a report on Monday. Finally, BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $67.22.

About W.P. Carey

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.