Strs Ohio Makes New $7.56 Million Investment in W.P. Carey Inc. $WPC

Key Points

• Strs Ohio has made a new investment in W.P. Carey Inc., acquiring 119,808 shares valued at approximately $7.56 million.
• Institutional investors own around 73.73% of W.P. Carey's stock, with several others increasing their stakes during the first quarter of the year.
• W.P. Carey reported a quarterly EPS of $1.28, surpassing estimates, and their revenue increased by 10.5% year-over-year.

Strs Ohio purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 119,808 shares of the real estate investment trust's stock, valued at approximately $7,561,000. Strs Ohio owned 0.05% of W.P. Carey as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. acquired a new stake in W.P. Carey during the 1st quarter worth about $26,000. TCTC Holdings LLC lifted its position in W.P. Carey by 100.8% during the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 242 shares during the period. Cheviot Value Management LLC acquired a new stake in W.P. Carey during the 1st quarter worth about $37,000. Fourth Dimension Wealth LLC acquired a new stake in W.P. Carey during the 4th quarter worth about $44,000. Finally, Summit Securities Group LLC lifted its position in W.P. Carey by 60.0% during the 1st quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Stock Performance

NYSE WPC opened at $68.69 on Monday. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 10.00 and a beta of 0.82. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $68.98. 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 has a 50-day moving average of $65.08 and a 200 day moving average of $63.01.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $420.99 million. During the same period in the previous year, the business earned $1.17 EPS. W.P. Carey's quarterly 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. Sell-side analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WPC has been the subject of a number of research reports. Scotiabank lifted their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Friday, September 5th. Wells Fargo & Company raised W.P. Carey from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $72.00 in a report on Thursday. BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a report on Monday, June 9th. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Barclays boosted their price objective on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, W.P. Carey presently has an average rating of "Hold" and a consensus target price 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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