W.P. Carey Inc. $WPC Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in W.P. Carey Inc. by 3.1% during the first quarter, holding 2,257,017 shares valued at approximately $142.44 million.
• W.P. Carey reported a quarterly earnings of $1.28 per share, exceeding analyst estimates of $1.23, with revenues increasing by 10.5% year-over-year, totaling $430.78 million.
• Brokerages have issued varied ratings for W.P. Carey, with Barclays setting a price target of $64 and Wells Fargo increasing its target to $72, indicating differing investor sentiment.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,257,017 shares of the real estate investment trust's stock after acquiring an additional 68,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.03% of W.P. Carey worth $142,440,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WPC. Janus Henderson Group PLC lifted its holdings in shares of W.P. Carey by 130.2% in the 4th quarter. Janus Henderson Group PLC now owns 27,585 shares of the real estate investment trust's stock valued at $1,503,000 after acquiring an additional 15,600 shares during the last quarter. Millennium Management LLC lifted its stake in 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 worth $29,361,000 after purchasing an additional 451,262 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in W.P. Carey by 20.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,130 shares of the real estate investment trust's stock worth $497,000 after purchasing an additional 1,548 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of W.P. Carey during the fourth quarter worth approximately $2,877,000. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of W.P. Carey by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 58,450 shares of the real estate investment trust's stock worth $3,186,000 after acquiring an additional 1,117 shares during the period. Institutional investors own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

WPC has been the topic of a number of research reports. Royal Bank Of Canada raised their target price 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. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price on the stock in a research report on Monday, June 9th. Evercore ISI raised their target price 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. Wells Fargo & Company raised shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. Finally, UBS Group raised their target price 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. Three 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $67.22.

W.P. Carey Stock Down 0.1%

WPC stock traded down $0.09 during trading on Thursday, hitting $67.85. 198,595 shares of the company's stock traded hands, compared to its average volume of 1,223,520. The firm has a market capitalization of $14.86 billion, a P/E ratio of 44.62, a PEG ratio of 9.91 and a beta of 0.82. The business has a fifty day simple moving average of $65.44 and a two-hundred day simple moving average of $63.11. 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 1 year low of $52.91 and a 1 year high of $69.00.

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 (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. W.P. Carey's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Sell-side analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

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.