CSM Advisors LLC Buys Shares of 232,513 W.P. Carey Inc. $WPC

CSM Advisors LLC purchased a new position in W.P. Carey Inc. (NYSE:WPC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 232,513 shares of the real estate investment trust’s stock, valued at approximately $14,504,000.

Other institutional investors have also recently bought and sold shares of the company. Griffin Asset Management Inc. increased its position in W.P. Carey by 0.6% in the 2nd quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust’s stock worth $2,011,000 after purchasing an additional 178 shares during the last quarter. BridgePort Financial Solutions LLC grew its stake in shares of W.P. Carey by 0.6% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust’s stock valued at $1,789,000 after buying an additional 180 shares in the last quarter. Cooper Financial Group increased its holdings in W.P. Carey by 1.5% in the second quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 181 shares during the last quarter. Crestwood Advisors Group LLC raised its position 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 valued at $434,000 after acquiring an additional 185 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in W.P. Carey by 3.3% in the second quarter. Kovack Advisors Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $67.35 on Friday. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 9.57 and a beta of 0.80. The business has a 50 day moving average price of $67.45 and a 200 day moving average price of $64.66. The company has a quick ratio of 0.19, 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 $52.91 and a twelve month high of $69.79.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The company had revenue of $431.30 million during 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.91 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $3.64 annualized dividend and a yield of 5.4%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s dividend payout ratio (DPR) is 220.61%.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. Barclays raised their price target on shares of W.P. Carey from $64.00 to $66.00 and gave the company an “underweight” rating in a report on Monday, October 20th. Scotiabank boosted their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. 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 raised their price objective on W.P. Carey from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.89.

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.