Skandinaviska Enskilda Banken AB publ Has $18.17 Million Stock Holdings in W.P. Carey Inc. (NYSE:WPC)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in W.P. Carey Inc. by 35.6%, acquiring an additional 75,500 shares, bringing its total ownership to 287,845 shares valued at approximately $18.17 million.
• W.P. Carey recently raised its quarterly dividend to $0.90, marking a positive change from the previous $0.89 dividend, with an annualized yield of 5.57%.
• Analysts have varying ratings on W.P. Carey, with a consensus average rating of "Hold" and a target price of $104.22, despite some recent price target adjustments from various financial institutions.

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 35.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 287,845 shares of the real estate investment trust's stock after buying an additional 75,500 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.13% of W.P. Carey worth $18,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPC. von Borstel & Associates Inc. purchased a new position in W.P. Carey during the first quarter valued at approximately $26,000. Bessemer Group Inc. boosted its stake in shares of W.P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 402 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of W.P. Carey in the fourth quarter worth approximately $44,000. Hoey Investments Inc. acquired a new position in W.P. Carey during the fourth quarter worth $48,000. Finally, Quarry LP acquired a new position in W.P. Carey during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Evercore ISI boosted their price objective on W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a report on Monday, June 9th. BNP Paribas set a $66.00 price target on W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Barclays set a $61.00 price target on W.P. Carey and gave the stock an "underweight" rating in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada raised their price target on W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, W.P. Carey presently has an average rating of "Hold" and a consensus price target of $104.22.

W.P. Carey Stock Performance

Shares of NYSE WPC traded up $0.66 during midday trading on Tuesday, hitting $64.69. 2,053,898 shares of the company's stock were exchanged, compared to its average volume of 1,225,398. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.23 and a quick ratio of 0.23. The stock's 50 day moving average price is $62.73 and its 200-day moving average price is $60.94. The firm has a market cap of $14.17 billion, a P/E ratio of 33.35, a PEG ratio of 6.35 and a beta of 0.78. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. W.P. Carey had a return on equity of 5.02% and a net margin of 26.66%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. Equities research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio is 185.57%.

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.