Adams Asset Advisors LLC Grows Position in W.P. Carey Inc. $WPC

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 raised its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,975 shares of the real estate investment trust's stock after buying 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 modified their holdings of WPC. von Borstel & Associates Inc. purchased a new position in shares of W.P. Carey in the 1st quarter valued at approximately $26,000. TCTC Holdings LLC raised its position in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Cheviot Value Management LLC purchased a new position in shares of W.P. Carey in the 1st quarter valued at approximately $37,000. Fourth Dimension Wealth LLC purchased a new position in shares of W.P. Carey in the 4th quarter valued at approximately $44,000. Finally, Summit Securities Group LLC raised its position in shares of W.P. Carey by 60.0% in the 1st quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WPC shares. UBS Group raised their price target on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. 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 research report on Monday, June 9th. Barclays raised their price target on shares of W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. 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, Scotiabank raised their price target 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, W.P. Carey currently has an average rating of "Hold" and an average price target of $67.22.

W.P. Carey Price Performance

W.P. Carey stock traded down $0.02 during trading on Friday, reaching $67.43. The company had a trading volume of 603,506 shares, compared to its average volume of 1,223,209. The firm's 50-day simple moving average is $65.54 and its 200 day simple moving average is $63.13. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.00. The firm has a market capitalization of $14.77 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 9.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19.

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 (EPS) for the quarter, beating 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 firm 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 EPS. 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. As a group, equities research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey's payout ratio is currently 236.84%.

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.