Nomura Holdings Inc. Sells 41,440 Shares of W.P. Carey Inc. $WPC

Key Points

• Nomura Holdings Inc. reduced its stake in W.P. Carey Inc. by 78.5% during Q1, holding 11,366 shares valued at $717,000 after selling 41,440 shares.
• W.P. Carey recently reported a Q2 EPS of $1.28, exceeding expectations, with a revenue of $430.78 million, up 10.5% from the previous year.
• The company's quarterly dividend increased to $0.90, resulting in an annualized yield of 5.4% and a dividend payout ratio of 236.84%.

Nomura Holdings Inc. decreased its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 78.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the real estate investment trust's stock after selling 41,440 shares during the quarter. Nomura Holdings Inc.'s holdings in W.P. Carey were worth $717,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 valued at $758,000 after purchasing an additional 1,442 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in W.P. Carey by 4.6% during the 1st 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 last quarter. Capital Advisors Inc. OK acquired a new stake in W.P. Carey during the 1st quarter valued at $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in W.P. Carey by 6.5% during the 4th 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 last quarter. Finally, Ethos Financial Group LLC acquired a new stake in W.P. Carey during the 1st quarter valued at $372,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Price Performance

Shares of NYSE WPC traded up $1.17 during mid-day trading on Friday, reaching $68.07. The company had a trading volume of 1,365,618 shares, compared to its average volume of 1,062,568. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $68.28. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 9.97 and a beta of 0.82. The business's 50-day simple moving average is $64.57 and its 200 day simple moving average is $62.84.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS 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 for the quarter, compared to analysts' expectations of $420.99 million. During the same quarter last year, the business earned $1.17 earnings per share. W.P. Carey'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, research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.90 dividend. The ex-dividend date was Monday, June 30th. 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%. W.P. Carey's dividend payout ratio (DPR) is 236.84%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. 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. Wells Fargo & Company lifted their target price on W.P. Carey from $66.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. BNP Paribas set a $66.00 target price on W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th. Evercore ISI lifted their target price on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada lifted their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. 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 company's stock. According to data from MarketBeat.com, W.P. Carey presently has a consensus rating of "Hold" and an average 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.