W.P. Carey Inc. $WPC Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 18.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,280 shares of the real estate investment trust’s stock after purchasing an additional 1,273 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in W.P. Carey were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WPC. JPMorgan Chase & Co. increased its position in shares of W.P. Carey by 274.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock worth $322,630,000 after purchasing an additional 3,747,898 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of W.P. Carey by 1,016.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust’s stock worth $110,564,000 after purchasing an additional 1,595,045 shares during the last quarter. Nuveen LLC acquired a new stake in shares of W.P. Carey during the 1st quarter worth about $30,194,000. Private Management Group Inc. acquired a new stake in shares of W.P. Carey during the 1st quarter worth about $29,923,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter worth about $24,030,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

Shares of WPC opened at $66.81 on Friday. The stock has a 50-day simple moving average of $66.98 and a 200-day simple moving average of $63.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $14.63 billion, a PE ratio of 43.95, a PEG 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.

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

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s dividend payout ratio (DPR) is 239.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WPC. Barclays raised 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. Royal Bank Of Canada increased their price target 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. UBS Group increased their price target on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Evercore ISI increased their price target on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.22.

W.P. Carey 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.