W.P. Carey Inc. $WPC Shares Purchased 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 boosted its stake 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 & Exchange Commission. The firm owned 2,257,017 shares of the real estate investment trust's stock after acquiring an additional 68,414 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.03% of W.P. Carey worth $142,440,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new position in shares of W.P. Carey in the first quarter valued at $26,000. TCTC Holdings LLC boosted its position in 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 buying an additional 242 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of W.P. Carey during the first quarter valued at about $37,000. Fourth Dimension Wealth LLC acquired a new stake in shares of W.P. Carey during the fourth quarter valued at about $44,000. Finally, Summit Securities Group LLC increased its position in shares of W.P. Carey by 60.0% during the first quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $68.69 on Friday. 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 company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 9.97 and a beta of 0.82. The business has a 50 day simple moving average of $65.08 and a 200-day simple moving average of $63.02.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $420.99 million. During the same period in the previous year, the business earned $1.17 EPS. The business's quarterly 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. As a group, equities research analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WPC. Barclays raised their price objective on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada lifted their price objective on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Evercore ISI lifted their price objective on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Wells Fargo & Company upgraded W.P. Carey from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $72.00 in a report on Thursday. Finally, BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a report on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, W.P. Carey presently has a consensus rating of "Hold" and an average target price of $66.78.

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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