Catalyst Capital Advisors LLC Buys 233 Shares of W.P. Carey Inc. $WPC

Catalyst Capital Advisors LLC boosted its stake in W.P. Carey Inc. (NYSE:WPC) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,813 shares of the real estate investment trust’s stock after purchasing an additional 233 shares during the period. Catalyst Capital Advisors LLC’s holdings in W.P. Carey were worth $113,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WPC. von Borstel & Associates Inc. bought a new stake in W.P. Carey in the 1st quarter worth approximately $26,000. TCTC Holdings LLC grew 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 worth $30,000 after purchasing an additional 242 shares during the period. Cheviot Value Management LLC bought a new stake in W.P. Carey in the 1st quarter worth approximately $37,000. V Square Quantitative Management LLC bought a new stake in W.P. Carey in the 2nd quarter worth approximately $40,000. Finally, REAP Financial Group LLC grew its position in W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 238 shares during the period. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group lifted 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 note on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Friday. Evercore ISI lifted their price target on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Barclays lifted their price target on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and a consensus price target of $67.44.

W.P. Carey Stock Down 1.7%

WPC opened at $66.76 on Friday. 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 Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.79. The firm’s fifty day moving average is $67.43 and its 200 day moving average is $64.20. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 43.92, a price-to-earnings-growth ratio of 9.66 and a beta of 0.81.

W.P. Carey (NYSE:WPC) last released its 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 net margin of 20.42% and a return on equity of 4.00%. The company had revenue of $430.78 million for the quarter, compared to analysts’ expectations of $420.99 million. During the same quarter in the previous year, the company earned $1.17 EPS. W.P. Carey’s revenue for the quarter 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, sell-side analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.91 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio is presently 239.47%.

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.