TFG Advisers LLC Has $1.41 Million Stake in W.P. Carey Inc. $WPC

TFG Advisers LLC grew its position in W.P. Carey Inc. (NYSE:WPC) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,523 shares of the real estate investment trust’s stock after acquiring an additional 261 shares during the quarter. TFG Advisers LLC’s holdings in W.P. Carey were worth $1,405,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in W.P. Carey by 274.7% during 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of W.P. Carey by 4.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock valued at $266,224,000 after acquiring an additional 195,466 shares during the period. Northern Trust Corp boosted its stake in shares of W.P. Carey by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock valued at $170,198,000 after purchasing an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of W.P. Carey by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock worth $168,018,000 after purchasing an additional 20,495 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in W.P. Carey by 3.1% during the 1st 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 purchasing an additional 68,414 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Price Performance

WPC opened at $68.50 on Thursday. The company has a fifty day moving average price of $66.49 and a two-hundred day moving average price of $63.38. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $15.00 billion, a PE ratio of 45.06, a P/E/G ratio of 9.84 and a beta of 0.81. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.00.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. The business had revenue of $430.78 million during the quarter, compared to analysts’ expectations of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 5.3%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 30th. W.P. Carey’s dividend payout ratio (DPR) is 239.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WPC shares. Wells Fargo & Company raised W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $68.00 to $72.00 in a report on Thursday, September 11th. UBS Group lifted their price target on W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Barclays raised their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada upped 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. Finally, 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 report on Monday, June 9th. Three 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.22.

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.