Advisors Asset Management Inc. Acquires 786 Shares of W.P. Carey Inc. $WPC

Advisors Asset Management Inc. lifted its holdings in W.P. Carey Inc. (NYSE:WPC) by 61.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,070 shares of the real estate investment trust’s stock after acquiring an additional 786 shares during the quarter. Advisors Asset Management Inc.’s holdings in W.P. Carey were worth $131,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey in the 1st quarter worth approximately $26,000. TCTC Holdings LLC lifted its holdings in shares of 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 acquiring an additional 242 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of W.P. Carey in the 1st quarter worth approximately $37,000. Fourth Dimension Wealth LLC bought a new stake in shares of W.P. Carey in the 4th quarter worth approximately $44,000. Finally, Summit Securities Group LLC lifted its holdings in shares of W.P. Carey by 60.0% in the 1st 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. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wells Fargo & Company upgraded 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 report on Thursday. Barclays upped their price target on shares of W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. Scotiabank upped their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, September 5th. Finally, Evercore ISI upped their price target on shares of W.P. Carey from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.78.

W.P. Carey Stock Up 0.3%

Shares of NYSE WPC opened at $68.69 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $68.98. The firm has a market capitalization of $15.04 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 9.97 and a beta of 0.82. The firm has a fifty day simple moving average of $65.08 and a two-hundred day simple moving average of $63.02.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate 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 business had revenue of $430.78 million during the quarter, compared to analyst estimates of $420.99 million. During the same period in the prior year, the business earned $1.17 EPS. The company’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. Equities analysts expect that W.P. Carey Inc. will post 4.87 earnings per share 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.