Blue Trust Inc. Has $57,000 Position in W.P. Carey Inc. $WPC

Blue Trust Inc. grew its holdings in W.P. Carey Inc. (NYSE:WPC) by 34.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 919 shares of the real estate investment trust’s stock after purchasing an additional 237 shares during the quarter. Blue Trust Inc.’s holdings in W.P. Carey were worth $57,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WPC. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 3,747,898 shares during the period. Pacer Advisors Inc. lifted its stake in shares of W.P. Carey by 1,016.8% in the first quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust’s stock valued at $110,564,000 after buying an additional 1,595,045 shares during the period. Nuveen LLC bought a new stake in shares of W.P. Carey in the first quarter valued at about $30,194,000. Private Management Group Inc. bought a new stake in shares of W.P. Carey in the first quarter valued at about $29,923,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of W.P. Carey in the second quarter valued at about $24,030,000. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

WPC has been the subject of several research reports. Royal Bank Of Canada increased their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays increased their target price on shares of W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $72.00 in a research note on Thursday, September 11th. Scotiabank raised their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Friday, September 5th. Finally, Evercore ISI lifted their target price 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.22.

W.P. Carey Price Performance

WPC opened at $68.47 on Friday. The company has a fifty day moving average price of $67.20 and a two-hundred day moving average price of $63.86. 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 $69.79. The firm has a market capitalization of $14.99 billion, a PE ratio of 45.04, a P/E/G ratio of 9.90 and a beta of 0.81.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. The firm had revenue of $430.78 million during 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 quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.91 per share. 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 dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s payout ratio is 239.47%.

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.