Kestra Investment Management LLC Invests $258,000 in W.P. Carey Inc. $WPC

Key Points

• Kestra Investment Management LLC has invested approximately $258,000 in W.P. Carey Inc., acquiring 4,086 shares as reported in their recent SEC filing.
• W.P. Carey announced a quarterly dividend increase from $0.89 to $0.90 per share, yielding 5.3% annually.
• The stock has seen varied ratings from analysts, with a consensus rating of "Hold" and a price target averaging $66.33.

Kestra Investment Management LLC bought a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,086 shares of the real estate investment trust's stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of W.P. Carey in the first quarter valued at $26,000. TCTC Holdings LLC grew its stake 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 buying an additional 242 shares in the last quarter. Cheviot Value Management LLC bought a new position in shares of W.P. Carey in the first quarter valued at $37,000. Fourth Dimension Wealth LLC bought a new position in shares of W.P. Carey in the fourth quarter valued at $44,000. Finally, Summit Securities Group LLC grew its stake in shares of 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 buying an additional 300 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Down 1.1%

WPC opened at $67.38 on Tuesday. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $68.28. 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 market capitalization of $14.75 billion, a P/E ratio of 44.33, a P/E/G ratio of 9.97 and a beta of 0.82. The stock has a fifty day moving average of $64.67 and a 200-day moving average of $62.89.

W.P. Carey (NYSE:WPC - Get Free Report) last posted 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. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company had revenue of $430.78 million during the quarter, compared to the consensus estimate of $420.99 million. During the same quarter last year, the firm earned $1.17 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. 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 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.90 per share. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, June 30th. W.P. Carey's payout ratio is 236.84%.

Wall Street Analysts Forecast Growth

WPC has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of W.P. Carey from $66.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. UBS Group raised their target price 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. BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target for the company in a report on Monday, June 9th. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the company a "sector perform" rating in a report on Friday. Finally, BNP Paribas set a $66.00 price target on W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.33.

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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