Massachusetts Financial Services Co. MA Has $254.84 Million Position in W.P. Carey Inc. $WPC

Massachusetts Financial Services Co. MA increased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,771,487 shares of the real estate investment trust’s stock after buying an additional 55,437 shares during the period. Massachusetts Financial Services Co. MA owned 1.72% of W.P. Carey worth $254,839,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of W.P. Carey by 1.9% during the second quarter. Geode Capital Management LLC now owns 4,606,018 shares of the real estate investment trust’s stock worth $286,581,000 after acquiring an additional 87,150 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of W.P. Carey by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,769,189 shares of the real estate investment trust’s stock worth $172,742,000 after buying an additional 106,879 shares in the last quarter. Legal & General Group Plc boosted its position in shares of W.P. Carey by 5.0% in the second quarter. Legal & General Group Plc now owns 2,551,251 shares of the real estate investment trust’s stock valued at $159,147,000 after acquiring an additional 120,498 shares during the period. Norges Bank acquired a new position in shares of W.P. Carey in the second quarter valued at about $151,411,000. Finally, Advisors Capital Management LLC increased its position in W.P. Carey by 6.4% during the second quarter. Advisors Capital Management LLC now owns 875,988 shares of the real estate investment trust’s stock worth $54,644,000 after acquiring an additional 52,660 shares during the period. 73.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WPC shares. Barclays set a $65.00 target price on shares of W.P. Carey in a research report on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Citigroup lifted their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Royal Bank Of Canada increased their target price on W.P. Carey from $69.00 to $70.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey currently has an average rating of “Hold” and an average target price of $68.45.

W.P. Carey Stock Performance

NYSE:WPC opened at $70.18 on Tuesday. The stock’s 50-day simple moving average is $66.23 and its 200 day simple moving average is $66.14. The firm has a market capitalization of $15.38 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 5.99 and a beta of 0.79. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. W.P. Carey Inc. has a twelve month low of $53.93 and a twelve month high of $70.28.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $424.44 million. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’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 business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.92 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Wednesday, December 31st. W.P. Carey’s dividend payout ratio (DPR) is 223.03%.

About W.P. Carey

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.