Andra AP fonden Has $10.02 Million Position in W.P. Carey Inc. $WPC

Andra AP fonden increased its stake in W.P. Carey Inc. (NYSE:WPC) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,700 shares of the real estate investment trust’s stock after purchasing an additional 35,100 shares during the period. Andra AP fonden owned 0.07% of W.P. Carey worth $10,024,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC increased its stake in shares of W.P. Carey by 100.8% in the 1st 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 during the period. Cheviot Value Management LLC bought a new position in W.P. Carey in the first quarter valued at about $37,000. V Square Quantitative Management LLC acquired a new stake in W.P. Carey in the second quarter worth about $40,000. REAP Financial Group LLC raised its holdings in W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 238 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in W.P. Carey during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

WPC opened at $66.26 on Friday. The stock has a market cap of $14.52 billion, a P/E ratio of 40.16, a P/E/G ratio of 9.57 and a beta of 0.81. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.79. The company has a quick ratio of 0.19, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $67.44 and a 200 day simple moving average of $64.61.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm had revenue of $431.30 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.91 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $3.64 annualized dividend and a dividend yield of 5.5%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s payout ratio is presently 220.61%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WPC. Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. Finally, 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.89.

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.