W.P. Carey Inc. $WPC Shares Sold by Pensionfund DSM Netherlands

Key Points

• Pensionfund DSM Netherlands reduced its holdings in W.P. Carey Inc. by 9.7%, selling 5,000 shares and now owning 46,300 shares, which represents about 1.9% of its total portfolio.
• W.P. Carey reported earnings of $1.28 per share for the last quarter, exceeding analysts' expectations, and set a fiscal year 2025 guidance between 4.870-4.950 EPS.
• Analyst ratings show a consensus of Hold on W.P. Carey stock, with various price targets raised, including an increase from Wells Fargo from $68.00 to $72.00.

Pensionfund DSM Netherlands cut its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,300 shares of the real estate investment trust's stock after selling 5,000 shares during the period. W.P. Carey makes up about 1.9% of Pensionfund DSM Netherlands' portfolio, making the stock its 15th largest holding. Pensionfund DSM Netherlands' holdings in W.P. Carey were worth $2,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WPC. Janus Henderson Group PLC lifted its stake in W.P. Carey by 130.2% in the 4th quarter. Janus Henderson Group PLC now owns 27,585 shares of the real estate investment trust's stock valued at $1,503,000 after buying an additional 15,600 shares in the last quarter. Millennium Management LLC lifted its stake in W.P. Carey by 514.7% in the 4th quarter. Millennium Management LLC now owns 538,933 shares of the real estate investment trust's stock valued at $29,361,000 after buying an additional 451,262 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in W.P. Carey by 20.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,130 shares of the real estate investment trust's stock valued at $497,000 after buying an additional 1,548 shares in the last quarter. Nomura Holdings Inc. purchased a new position in W.P. Carey in the 4th quarter valued at about $2,877,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in W.P. Carey by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 58,450 shares of the real estate investment trust's stock worth $3,186,000 after purchasing an additional 1,117 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Trading Down 0.4%

Shares of WPC stock traded down $0.24 during trading on Thursday, hitting $67.70. 264,794 shares of the stock traded hands, compared to its average volume of 1,223,839. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $69.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The firm's fifty day moving average price is $65.44 and its 200-day moving average price is $63.11. The firm has a market capitalization of $14.83 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 9.91 and a beta of 0.82.

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, beating the consensus estimate of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The firm 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 EPS. The firm's revenue for the quarter 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. As a group, research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

WPC has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays raised their target price on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. UBS Group raised their target price on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Scotiabank raised their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Friday, September 5th. Finally, BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price on the stock in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.