Cwm LLC Acquires 353,279 Shares of W.P. Carey Inc. $WPC

Cwm LLC boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 1,973.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,180 shares of the real estate investment trust’s stock after purchasing an additional 353,279 shares during the quarter. Cwm LLC owned about 0.17% of W.P. Carey worth $25,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in W.P. Carey in the 2nd quarter valued at about $151,411,000. Captrust Financial Advisors lifted its position in W.P. Carey by 2,712.0% during the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after acquiring an additional 744,097 shares during the last quarter. GRS Advisors LLC bought a new stake in shares of W.P. Carey during the second quarter worth approximately $37,694,000. First Trust Advisors LP grew its position in shares of W.P. Carey by 422.2% in the second quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock valued at $45,939,000 after purchasing an additional 595,404 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of W.P. Carey by 165.6% during the second quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock worth $51,809,000 after purchasing an additional 517,855 shares during the period. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

NYSE:WPC opened at $64.82 on Friday. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. The stock’s 50-day simple moving average is $66.32 and its 200 day simple moving average is $65.75. The firm has a market capitalization of $14.21 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 6.05 and a beta of 0.78.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. During the same quarter last year, the business posted $1.18 earnings per share. The company’s quarterly 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, analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.92 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a yield of 5.7%. W.P. Carey’s dividend payout ratio (DPR) is presently 220.61%.

Analyst Ratings Changes

Several analysts recently weighed in on WPC shares. Wells Fargo & Company raised W.P. Carey from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Barclays increased their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd. Scotiabank boosted their price target on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Evercore ISI cut their price objective on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, W.P. Carey has an average rating of “Hold” and a consensus price target of $68.50.

W.P. Carey Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.