Swedbank AB Has $3.04 Million Position in W.P. Carey Inc. $WPC

Swedbank AB boosted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 52.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,775 shares of the real estate investment trust’s stock after purchasing an additional 16,816 shares during the quarter. Swedbank AB’s holdings in W.P. Carey were worth $3,043,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WPC. Two Sigma Investments LP lifted its position in shares of W.P. Carey by 30.5% in the fourth quarter. Two Sigma Investments LP now owns 47,797 shares of the real estate investment trust’s stock worth $2,604,000 after purchasing an additional 11,180 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of W.P. Carey in the fourth quarter valued at $458,000. Fourth Dimension Wealth LLC acquired a new position in shares of W.P. Carey in the fourth quarter valued at about $44,000. Sunbelt Securities Inc. grew its stake in shares of W.P. Carey by 71.0% in the fourth quarter. Sunbelt Securities Inc. now owns 5,079 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 2,109 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in W.P. Carey during the fourth quarter worth about $217,000. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective 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. Evercore ISI boosted their price target on shares of W.P. Carey from $66.00 to $70.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a “neutral” rating in a research note on Monday, June 9th. BNP Paribas Exane upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 target price on the stock in a research note on Monday, June 9th. Finally, UBS Group lifted their target price on W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.22.

W.P. Carey Trading Down 0.4%

NYSE WPC opened at $67.17 on Monday. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.00. The stock has a market cap of $14.71 billion, a P/E ratio of 44.19, a P/E/G ratio of 9.78 and a beta of 0.82. The stock’s fifty day moving average price is $65.62 and its 200-day moving average price is $63.12. 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 (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 the consensus estimate of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company had revenue of $430.78 million for the quarter, compared to analysts’ expectations of $420.99 million. During the same period last year, the firm posted $1.17 earnings per share. W.P. Carey’s revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, equities analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s dividend payout ratio is presently 236.84%.

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.