W.P. Carey Inc. $WPC Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in W.P. Carey Inc. (NYSE:WPC) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,686 shares of the real estate investment trust’s stock after selling 1,026 shares during the period. Hantz Financial Services Inc.’s holdings in W.P. Carey were worth $2,788,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake 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 valued at $322,630,000 after purchasing an additional 3,747,898 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in W.P. Carey by 4.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock valued at $266,224,000 after purchasing an additional 195,466 shares during the last quarter. Northern Trust Corp increased its stake in W.P. Carey by 2.1% during the first quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock valued at $170,198,000 after purchasing an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in W.P. Carey by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock valued at $168,018,000 after purchasing an additional 20,495 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in W.P. Carey by 3.1% during 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 purchasing an additional 68,414 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPC has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the company an “in-line” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of W.P. Carey from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group upped 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. Finally, Barclays upped their price target on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research report on Monday, October 20th. Three equities 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, W.P. Carey currently has an average rating of “Hold” and an average target price of $67.89.

W.P. Carey Stock Up 1.2%

W.P. Carey stock opened at $66.03 on Friday. The company has a 50-day simple moving average of $67.46 and a 200-day simple moving average of $64.48. The firm has a market capitalization of $14.46 billion, a P/E ratio of 40.02, a P/E/G ratio of 9.57 and a beta of 0.81. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.19 and a current ratio of 0.25. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $69.79.

W.P. Carey (NYSE:WPC) last released its quarterly 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. The business 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%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, equities analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 5.5%. W.P. Carey’s dividend payout ratio is currently 220.61%.

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.