W.P. Carey Inc. $WPC Shares Purchased by Adams Asset Advisors LLC

Key Points

• Adams Asset Advisors LLC increased its stake in W.P. Carey Inc. by 19.6% in the second quarter, owning 71,975 shares valued at approximately $4.49 million.
• Several institutional investors, including JPMorgan Chase and Pacer Advisors, significantly boosted their holdings in W.P. Carey during the first quarter, indicating growing investor confidence in the company.
• W.P. Carey reported a quarterly earnings per share of $1.28, surpassing analysts' expectations, and set guidance for FY 2025 at 4.870-4.950 EPS, suggesting a positive outlook for the company.

Adams Asset Advisors LLC lifted its stake in W.P. Carey Inc. (NYSE:WPC - Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,975 shares of the real estate investment trust's stock after purchasing an additional 11,772 shares during the quarter. Adams Asset Advisors LLC's holdings in W.P. Carey were worth $4,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WPC. JPMorgan Chase & Co. increased its holdings in shares of W.P. Carey by 274.7% in the first quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust's stock valued at $322,630,000 after purchasing an additional 3,747,898 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of W.P. Carey by 1,016.8% in the first quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust's stock valued at $110,564,000 after purchasing an additional 1,595,045 shares during the last quarter. Nuveen LLC acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $30,194,000. Private Management Group Inc. acquired a new stake in shares of W.P. Carey in the first quarter valued at approximately $29,923,000. Finally, Millennium Management LLC increased its holdings in shares of W.P. Carey by 514.7% in the fourth quarter. Millennium Management LLC now owns 538,933 shares of the real estate investment trust's stock valued at $29,361,000 after purchasing an additional 451,262 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Trading Up 0.3%

Shares of NYSE WPC opened at $68.69 on Monday. 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 fifty day simple moving average of $65.08 and a 200-day simple moving average of $63.01. The stock has a market capitalization of $15.04 billion, a PE ratio of 45.19, a PEG ratio of 10.00 and a beta of 0.82.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $430.78 million during the quarter, compared to analysts' expectations of $420.99 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The company's 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. On average, equities analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on WPC shares. Barclays increased their price target on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Wells Fargo & Company upgraded W.P. Carey from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $72.00 in a research report on Thursday. Evercore ISI increased their price objective 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. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada increased their price objective on 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $66.78.

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.

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