Pensionfund DSM Netherlands Sells 5,000 Shares of W.P. Carey Inc. $WPC

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 reduced its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 9.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,300 shares of the real estate investment trust's stock after selling 5,000 shares during the period. W.P. Carey accounts for about 1.9% of Pensionfund DSM Netherlands' holdings, making the stock its 15th biggest position. Pensionfund DSM Netherlands' holdings in W.P. Carey were worth $2,922,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of W.P. Carey during the first quarter valued at about $26,000. TCTC Holdings LLC increased its holdings in W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock worth $30,000 after buying an additional 242 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in W.P. Carey during the first quarter worth about $37,000. Fourth Dimension Wealth LLC purchased a new stake in W.P. Carey during the fourth quarter worth about $44,000. Finally, Summit Securities Group LLC increased its holdings in W.P. Carey by 60.0% during the first quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock worth $50,000 after buying an additional 300 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Price Performance

WPC opened at $68.69 on Friday. The company 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. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $65.08 and a 200-day moving average price of $63.02. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $68.98.

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 the consensus estimate of $1.23 by $0.05. The firm had revenue of $430.78 million during the quarter, compared to the consensus estimate 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 revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Equities analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $72.00 in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays raised their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Scotiabank raised their price objective on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a report on Friday, September 5th. Finally, UBS Group raised their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. 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. According to MarketBeat.com, W.P. Carey currently has a consensus rating of "Hold" and an average price target of $66.78.

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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