W.P. Carey Inc. $WPC Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC has reduced its stake in W.P. Carey Inc. by 33.6%, now holding 16,356 shares valued at approximately $1,032,000.
• W.P. Carey recently reported earnings of $1.28 per share, exceeding analysts' expectations of $1.23, with revenue increasing 10.5% year-over-year.
• The company announced a quarterly dividend increase to $0.90 per share, raising its annualized dividend yield to 5.4%.

Vident Advisory LLC trimmed its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 33.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,356 shares of the real estate investment trust's stock after selling 8,289 shares during the quarter. Vident Advisory LLC's holdings in W.P. Carey were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. AXA S.A. increased its holdings in shares of W.P. Carey by 4.2% in the fourth quarter. AXA S.A. now owns 52,522 shares of the real estate investment trust's stock worth $2,861,000 after purchasing an additional 2,116 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of W.P. Carey by 7.0% in the fourth quarter. Ameriprise Financial Inc. now owns 730,278 shares of the real estate investment trust's stock valued at $39,667,000 after purchasing an additional 47,484 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of W.P. Carey by 234.6% during the 4th quarter. Baird Financial Group Inc. now owns 51,003 shares of the real estate investment trust's stock worth $2,779,000 after acquiring an additional 35,761 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of W.P. Carey during the 4th quarter worth $194,000. Finally, EP Wealth Advisors LLC lifted its holdings in W.P. Carey by 47.8% in the 4th quarter. EP Wealth Advisors LLC now owns 12,637 shares of the real estate investment trust's stock worth $688,000 after buying an additional 4,088 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Stock Down 1.3%

NYSE:WPC traded down $0.88 during trading hours on Monday, hitting $67.24. 469,392 shares of the company traded hands, compared to its average volume of 1,232,720. The firm's 50-day simple moving average is $64.57 and its 200-day simple moving average is $62.85. The company has a market cap of $14.72 billion, a PE ratio of 44.27, 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. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $68.28.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly 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 business had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Equities analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.90 per share. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date was Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.4%. W.P. Carey's dividend payout ratio (DPR) is 236.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WPC shares. Barclays increased their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Scotiabank lifted their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the company a "sector perform" rating in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of W.P. Carey from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target for the company in a report on Monday, June 9th. Finally, Evercore ISI boosted their target price on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, W.P. Carey currently has a consensus rating of "Hold" and an average target price of $66.33.

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.