Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 8,600 Shares of W.P. Carey Inc. $WPC

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 13.2% during the second quarter, Holdings Channel reports. The firm owned 56,534 shares of the real estate investment trust’s stock after selling 8,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in W.P. Carey were worth $3,527,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. GF Fund Management CO. LTD. lifted its holdings in shares of W.P. Carey by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 4,145 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 168 shares in the last quarter. Griffin Asset Management Inc. lifted its holdings in shares of W.P. Carey by 0.6% in the second quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust’s stock valued at $2,011,000 after purchasing an additional 178 shares in the last quarter. BridgePort Financial Solutions LLC lifted its holdings in shares of W.P. Carey by 0.6% in the second quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust’s stock valued at $1,789,000 after purchasing an additional 180 shares in the last quarter. Cooper Financial Group lifted its holdings in W.P. Carey by 1.5% during the second quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust’s stock worth $749,000 after acquiring an additional 181 shares during the period. Finally, Crestwood Advisors Group LLC lifted its holdings in W.P. Carey by 2.8% during the first quarter. Crestwood Advisors Group LLC now owns 6,877 shares of the real estate investment trust’s stock worth $434,000 after acquiring an additional 185 shares during the period. Institutional investors own 73.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group lifted their price target on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wells Fargo & Company upgraded 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. Scotiabank lifted their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.89.

W.P. Carey Stock Performance

Shares of WPC opened at $65.39 on Friday. The firm has a market cap of $14.32 billion, a PE ratio of 39.63, a PEG ratio of 9.57 and a beta of 0.81. The stock’s fifty day moving average price is $67.46 and its two-hundred day moving average price is $64.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.19. 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 issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, equities research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.91 dividend. The ex-dividend date was Tuesday, September 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 5.6%. W.P. Carey’s dividend payout ratio is presently 220.61%.

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.