Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 143,319 W.P. Carey Inc. (NYSE:WPC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 143,319 shares of W.P. Carey Inc., representing approximately $9,045,000 in value and accounting for about 0.07% ownership of the company.
• Analyst ratings for W.P. Carey show a consensus of "Hold" with a price target of $104.22, while recent analyst reports have varied from "underweight" to "outperform" ratings.
• W.P. Carey recently increased its quarterly dividend to $0.90 per share, reflecting a 5.57% yield and a payout ratio of 185.57%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 143,319 shares of the real estate investment trust's stock, valued at approximately $9,045,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of W.P. Carey at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target on the stock in a research report on Monday, June 9th. Barclays set a $61.00 price target on shares of W.P. Carey and gave the stock an "underweight" rating in a research report on Wednesday, May 21st. BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, UBS Group reduced their price target on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.22.

W.P. Carey Stock Up 0.3%

Shares of NYSE:WPC opened at $64.61 on Friday. The firm's 50 day moving average price is $62.68 and its 200 day moving average price is $60.78. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 6.35 and a beta of 0.78. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.92.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). The company had revenue of $407.44 million during the quarter, compared to analysts' expectations of $412.99 million. W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, equities 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. Shareholders of record on Monday, June 30th were paid a $0.90 dividend. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a yield of 5.57%. The ex-dividend date was Monday, June 30th. W.P. Carey's dividend payout ratio is currently 185.57%.

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.

Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.