Landscape Capital Management L.L.C. Acquires Shares of 12,550 W.P. Carey Inc. $WPC

Key Points

• Landscape Capital Management L.L.C. has acquired 12,550 shares of W.P. Carey Inc., valued at approximately $792,000, as part of their investment strategy in the real estate sector during the 1st quarter.
• Analysts have recently raised their price targets for W.P. Carey, with Wells Fargo increasing it from $66.00 to $68.00, indicating a generally optimistic outlook on the stock.
• W.P. Carey has increased its quarterly dividend payment to $0.90 per share, resulting in an annual yield of 5.4%, reflecting the company's positive financial performance and commitment to shareholders.

Landscape Capital Management L.L.C. acquired a new stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,550 shares of the real estate investment trust's stock, valued at approximately $792,000.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in W.P. Carey by 274.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust's stock valued at $322,630,000 after acquiring an additional 3,747,898 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of W.P. Carey by 4.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust's stock worth $266,224,000 after purchasing an additional 195,466 shares in the last quarter. Northern Trust Corp boosted its position in shares of W.P. Carey by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust's stock worth $170,198,000 after purchasing an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of W.P. Carey by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust's stock worth $168,018,000 after purchasing an additional 20,495 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of W.P. Carey by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,248,019 shares of the real estate investment trust's stock worth $141,872,000 after purchasing an additional 10,114 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on W.P. Carey from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday. UBS Group boosted their price target on W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Evercore ISI boosted their price target on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.89.

W.P. Carey Stock Performance

WPC stock opened at $67.08 on Friday. The stock has a market capitalization of $14.69 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 9.80 and a beta of 0.78. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The stock's 50 day simple moving average is $64.22 and its 200 day simple moving average is $62.57. W.P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $67.40.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. The business had revenue of $430.78 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.90 per share. The ex-dividend date was Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.4%. This is a boost from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio (DPR) is presently 236.84%.

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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