IFM Investors Pty Ltd Reduces Position in W.P. Carey Inc. $WPC

IFM Investors Pty Ltd decreased its holdings in W.P. Carey Inc. (NYSE:WPC) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,031 shares of the real estate investment trust’s stock after selling 6,334 shares during the period. IFM Investors Pty Ltd’s holdings in W.P. Carey were worth $4,868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WPC. von Borstel & Associates Inc. purchased a new stake in shares of W.P. Carey during the 1st quarter valued at approximately $26,000. TCTC Holdings LLC raised its holdings in W.P. Carey by 100.8% during the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 242 shares during the period. Cheviot Value Management LLC bought a new stake in W.P. Carey during the 1st quarter valued at $37,000. Fourth Dimension Wealth LLC purchased a new stake in shares of W.P. Carey during the fourth quarter worth $44,000. Finally, Summit Securities Group LLC boosted its holdings in shares of W.P. Carey by 60.0% in the first quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 300 shares during the period. Institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

WPC has been the topic of a number of analyst reports. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the company a “neutral” rating in a research note on Monday, June 9th. Barclays lifted their target price on W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. BNP Paribas Exane raised shares of W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 price target on the stock in a report on Monday, June 9th. 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 report on Friday, August 15th. Finally, Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.22.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $67.17 on Monday. The stock has a market cap of $14.71 billion, a PE ratio of 44.19, a PEG ratio of 9.78 and a beta of 0.82. The company’s fifty day moving average is $65.62 and its 200 day moving average is $63.12. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.00. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results 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 analyst estimates of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Research analysts anticipate 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 will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.91 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. W.P. Carey’s payout ratio is presently 236.84%.

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.