Invst LLC Purchases Shares of 11,633 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 stake in W.P. Carey Inc. (NYSE:WPC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,633 shares of the real estate investment trust's stock, valued at approximately $734,000.

Several other large investors also recently made changes to their positions in the company. Modern Wealth Management LLC increased its stake in shares of W.P. Carey by 29.6% in the first quarter. Modern Wealth Management LLC now owns 9,167 shares of the real estate investment trust's stock valued at $578,000 after purchasing an additional 2,093 shares during the period. Strs Ohio acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $7,561,000. Intrua Financial LLC increased its stake in shares of W.P. Carey by 2.8% in the first quarter. Intrua Financial LLC now owns 8,285 shares of the real estate investment trust's stock valued at $523,000 after purchasing an additional 228 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of W.P. Carey by 3.7% in the first quarter. Jacobi Capital Management LLC now owns 6,267 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 225 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in shares of W.P. Carey by 46.3% in the first quarter. Advisors Capital Management LLC now owns 823,328 shares of the real estate investment trust's stock valued at $51,960,000 after acquiring an additional 260,674 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Trading Up 0.3%

Shares of NYSE:WPC opened at $68.69 on Friday. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 9.97 and a beta of 0.82. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $68.98. 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 company has a 50 day moving average price of $65.08 and a 200 day moving average price of $63.02.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.05. The firm had revenue of $430.78 million during 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 firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

Analysts Set New Price Targets

WPC has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $72.00 in a report on Thursday. Scotiabank increased 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. BNP Paribas Exane upgraded shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a report on Monday, June 9th. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Barclays increased their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $66.78.

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.

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