KLP Kapitalforvaltning AS Decreases Stock Position in W.P. Carey Inc. $WPC

KLP Kapitalforvaltning AS lessened its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,500 shares of the real estate investment trust’s stock after selling 27,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in W.P. Carey were worth $19,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in W.P. Carey by 1.7% during the 1st quarter. Royal Bank of Canada now owns 252,264 shares of the real estate investment trust’s stock valued at $15,921,000 after buying an additional 4,125 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of W.P. Carey by 61.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,070 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 786 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of W.P. Carey by 225.3% during the 1st quarter. AQR Capital Management LLC now owns 165,632 shares of the real estate investment trust’s stock valued at $10,445,000 after acquiring an additional 114,723 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of W.P. Carey by 0.5% in the first quarter. Alliancebernstein L.P. now owns 423,687 shares of the real estate investment trust’s stock valued at $26,739,000 after purchasing an additional 2,111 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of W.P. Carey by 35.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 156,194 shares of the real estate investment trust’s stock valued at $9,857,000 after purchasing an additional 40,738 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Price Performance

WPC stock opened at $66.37 on Thursday. The stock has a market cap of $14.55 billion, a PE ratio of 40.23, a P/E/G ratio of 5.84 and a beta of 0.79. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.79. The company has a 50-day moving average price of $65.94 and a 200 day moving average price of $65.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The business had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. During the same quarter last year, the firm earned $1.18 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Equities research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is 223.03%.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Barclays increased their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a report on Wednesday, December 3rd. Evercore ISI reduced their price objective on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of W.P. Carey in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.60.

W.P. Carey Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.