Pacer Advisors Inc. Raises Stake in W.P. Carey Inc. $WPC

Pacer Advisors Inc. boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,835 shares of the real estate investment trust’s stock after buying an additional 14,098 shares during the quarter. Pacer Advisors Inc. owned approximately 0.05% of W.P. Carey worth $7,692,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors grew its position in shares of W.P. Carey by 18.1% during the 3rd quarter. World Investment Advisors now owns 8,155 shares of the real estate investment trust’s stock valued at $551,000 after acquiring an additional 1,252 shares during the period. Swedbank AB grew its holdings in W.P. Carey by 24.2% during the third quarter. Swedbank AB now owns 60,596 shares of the real estate investment trust’s stock valued at $4,094,000 after purchasing an additional 11,821 shares during the period. IFM Investors Pty Ltd increased its position in W.P. Carey by 0.6% in the third quarter. IFM Investors Pty Ltd now owns 78,512 shares of the real estate investment trust’s stock worth $5,374,000 after buying an additional 481 shares during the last quarter. Prairiewood Capital LLC increased its position in W.P. Carey by 8.3% in the third quarter. Prairiewood Capital LLC now owns 85,495 shares of the real estate investment trust’s stock worth $5,777,000 after buying an additional 6,567 shares during the last quarter. Finally, Seneca House Advisors lifted its position in shares of W.P. Carey by 2.5% during the 3rd quarter. Seneca House Advisors now owns 121,363 shares of the real estate investment trust’s stock valued at $8,200,000 after buying an additional 3,009 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WPC shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $69.00 price target on shares of W.P. Carey in a research note on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Barclays boosted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a research report on Wednesday, December 3rd. Finally, Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.50.

W.P. Carey Trading Up 0.3%

Shares of WPC opened at $64.82 on Monday. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. The stock has a market cap of $14.21 billion, a PE ratio of 39.29, a P/E/G ratio of 6.07 and a beta of 0.78. 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 business’s 50-day moving average price is $66.32 and its 200-day moving average price is $65.78.

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

W.P. Carey Increases Dividend

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

W.P. Carey Company 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.