Applied Capital LLC FL Has $650,000 Stock Holdings in W.P. Carey Inc. $WPC

Applied Capital LLC FL lifted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,428 shares of the real estate investment trust’s stock after purchasing an additional 893 shares during the quarter. Applied Capital LLC FL’s holdings in W.P. Carey were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in W.P. Carey by 274.7% during the first quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock worth $322,630,000 after acquiring an additional 3,747,898 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in W.P. Carey by 4.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock worth $266,224,000 after purchasing an additional 195,466 shares in the last quarter. Northern Trust Corp raised its holdings in W.P. Carey by 2.1% during the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock worth $170,198,000 after buying an additional 55,615 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in W.P. Carey by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock worth $168,018,000 after buying an additional 20,495 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of W.P. Carey by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust’s stock valued at $142,440,000 after buying an additional 68,414 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WPC shares. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday. Barclays upped their price objective on W.P. Carey from $61.00 to $64.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Scotiabank lifted their target price on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research report on Friday, September 5th. Wells Fargo & Company raised 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. Finally, Royal Bank Of Canada boosted their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.22.

W.P. Carey Price Performance

NYSE:WPC opened at $66.81 on Friday. The stock has a market capitalization of $14.63 billion, a PE ratio of 43.95, a P/E/G ratio of 9.70 and a beta of 0.81. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The firm has a fifty day simple moving average of $66.98 and a 200 day simple moving average of $63.68. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The firm had revenue of $430.78 million during the quarter, compared to analysts’ expectations of $420.99 million. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. 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 5.4%. W.P. Carey’s payout ratio is 239.47%.

W.P. Carey Company 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.