W.P. Carey Inc. $WPC Shares Bought by Greenleaf Trust

Greenleaf Trust raised its position in W.P. Carey Inc. (NYSE:WPC) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,207 shares of the real estate investment trust’s stock after buying an additional 205 shares during the period. Greenleaf Trust’s holdings in W.P. Carey were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WPC. GAMMA Investing LLC boosted its holdings in W.P. Carey by 8,486.2% in the 1st quarter. GAMMA Investing LLC now owns 162,193 shares of the real estate investment trust’s stock worth $10,236,000 after buying an additional 160,304 shares during the last quarter. Merit Financial Group LLC acquired a new stake in W.P. Carey in the 1st quarter worth about $397,000. RFG Advisory LLC boosted its holdings in shares of W.P. Carey by 16.6% during the 1st quarter. RFG Advisory LLC now owns 7,430 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 1,057 shares during the last quarter. Seneca House Advisors boosted its holdings in shares of W.P. Carey by 2.8% during the 1st quarter. Seneca House Advisors now owns 113,813 shares of the real estate investment trust’s stock worth $7,183,000 after purchasing an additional 3,094 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new position in shares of W.P. Carey during the 1st quarter worth approximately $227,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on WPC. Barclays boosted their target price on W.P. Carey from $61.00 to $64.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Evercore ISI boosted their target price on W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Saturday, September 27th. Finally, 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 report on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.22.

W.P. Carey Stock Up 1.0%

WPC stock opened at $69.15 on Friday. The firm has a market cap of $15.14 billion, a PE ratio of 45.49, a PEG ratio of 10.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s 50 day moving average price is $66.66 and its 200-day moving average price is $63.49. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $69.79.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results 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. The firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.91 dividend. 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. This represents a $3.64 dividend on an annualized basis and a yield of 5.3%. W.P. Carey’s dividend payout ratio is presently 239.47%.

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.