US Bancorp DE Has $2.09 Million Stock Position in W.P. Carey Inc. $WPC

US Bancorp DE boosted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,528 shares of the real estate investment trust’s stock after buying an additional 2,045 shares during the period. US Bancorp DE’s holdings in W.P. Carey were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WPC. JPMorgan Chase & Co. grew its stake in W.P. Carey by 274.7% in the first quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock valued at $322,630,000 after purchasing an additional 3,747,898 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in W.P. Carey by 4.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock worth $266,224,000 after purchasing an additional 195,466 shares during the last quarter. Northern Trust Corp increased its position in W.P. Carey by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock worth $170,198,000 after purchasing an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in W.P. Carey by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock worth $168,018,000 after purchasing an additional 20,495 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in W.P. Carey by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust’s stock worth $142,440,000 after purchasing an additional 68,414 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Trading Up 0.7%

WPC stock opened at $68.19 on Thursday. The business has a fifty day moving average price of $67.10 and a 200 day moving average price of $63.78. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.79. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 44.86, a P/E/G ratio of 9.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. The firm had revenue of $430.78 million during the quarter, compared to analysts’ expectations of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.91 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, September 30th. W.P. Carey’s dividend payout ratio is presently 239.47%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WPC. Royal Bank Of Canada upped their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Barclays upped 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. UBS Group upped their price target 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. Evercore ISI upped their price target on W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and an average target price of $67.22.

W.P. Carey 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.