W.P. Carey Inc. $WPC Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in W.P. Carey Inc. by 336.7% in the first quarter, acquiring over 49,000 shares to reach a total value of approximately $4.07 million.
• W.P. Carey reported $1.28 earnings per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 10.5%.
• The stock has seen a mix of ratings from analysts, with three ratings for Buy, six for Hold, and one for Sell, reflecting a consensus rating of Hold with an average target price of $67.22.

Focus Partners Wealth grew its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 336.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,376 shares of the real estate investment trust's stock after buying an additional 49,635 shares during the period. Focus Partners Wealth's holdings in W.P. Carey were worth $4,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of W.P. Carey by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust's stock valued at $142,440,000 after buying an additional 68,414 shares during the last quarter. Arete Wealth Advisors LLC increased its position in W.P. Carey by 3.2% during the first quarter. Arete Wealth Advisors LLC now owns 17,982 shares of the real estate investment trust's stock worth $1,135,000 after purchasing an additional 554 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in W.P. Carey during the first quarter worth about $258,000. Presima Securities ULC increased its position in W.P. Carey by 1.9% during the first quarter. Presima Securities ULC now owns 32,902 shares of the real estate investment trust's stock worth $2,076,000 after purchasing an additional 602 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in W.P. Carey by 0.5% during the first quarter. UniSuper Management Pty Ltd now owns 65,400 shares of the real estate investment trust's stock worth $4,127,000 after purchasing an additional 300 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Down 0.0%

Shares of W.P. Carey stock opened at $68.68 on Tuesday. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $69.00. The company has a 50 day moving average of $65.20 and a 200 day moving average of $63.04. 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 company has a market capitalization of $15.04 billion, a P/E ratio of 45.18, a P/E/G ratio of 10.00 and a beta of 0.82.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. During the same quarter last year, the company earned $1.17 earnings per share. The firm's revenue for the quarter 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. As a group, research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WPC has been the subject of several recent analyst reports. BNP Paribas Exane upgraded shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a research report on Monday, June 9th. 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 research report on Thursday, September 11th. 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 research report on Friday, September 5th. Evercore ISI raised their price objective on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Monday. Finally, 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 research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $67.22.

W.P. Carey Company 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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