Jacobi Capital Management LLC Boosts Position in W.P. Carey Inc. $WPC

Jacobi Capital Management LLC grew its stake in W.P. Carey Inc. (NYSE:WPC) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,267 shares of the real estate investment trust’s stock after acquiring an additional 225 shares during the quarter. Jacobi Capital Management LLC’s holdings in W.P. Carey were worth $395,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. acquired a new position in W.P. Carey in the first quarter valued at $26,000. TCTC Holdings LLC grew its stake in shares of W.P. Carey by 100.8% in the first 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 in the last quarter. Cheviot Value Management LLC purchased a new position in W.P. Carey in the first quarter valued at about $37,000. Fourth Dimension Wealth LLC purchased a new position in W.P. Carey in the fourth quarter valued at about $44,000. Finally, Summit Securities Group LLC lifted its holdings in W.P. Carey by 60.0% during the 1st quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 300 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

Shares of W.P. Carey stock opened at $68.69 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 52 week low of $52.91 and a 52 week high of $68.98. The firm has a fifty day moving average of $65.08 and a two-hundred day moving average of $63.01. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 9.97 and a beta of 0.82.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating 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 net margin of 20.42% and a return on equity of 4.00%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, equities research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WPC. Evercore ISI increased their price target on W.P. Carey from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 2nd. Barclays raised their target price on W.P. Carey from $61.00 to $64.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a “neutral” rating in a research report on Monday, June 9th. UBS Group lifted their price objective on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Finally, Royal Bank Of Canada boosted their price target on W.P. Carey from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Three 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.78.

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.