Asset Management One Co. Ltd. Buys 1,577 Shares of W. P. Carey Inc. (NYSE:WPC)

Asset Management One Co. Ltd. boosted its stake in W. P. Carey Inc. (NYSE:WPC) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,962 shares of the real estate investment trust’s stock after buying an additional 1,577 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.20% of W. P. Carey worth $26,724,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WPC. Equity Investment Corp bought a new stake in shares of W. P. Carey in the 1st quarter worth about $59,802,000. Massachusetts Financial Services Co. MA grew its stake in W. P. Carey by 22.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust’s stock worth $178,401,000 after buying an additional 588,636 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of W. P. Carey by 185.7% during the second quarter. Hsbc Holdings PLC now owns 684,355 shares of the real estate investment trust’s stock worth $37,631,000 after buying an additional 444,785 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of W. P. Carey by 6,145.1% in the third quarter. International Assets Investment Management LLC now owns 407,304 shares of the real estate investment trust’s stock valued at $25,375,000 after acquiring an additional 400,782 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of W. P. Carey by 18.5% in the 2nd quarter. PGGM Investments now owns 2,498,975 shares of the real estate investment trust’s stock worth $137,569,000 after acquiring an additional 389,853 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other W. P. Carey news, Director Mark A. Alexander purchased 3,500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $55.87 per share, with a total value of $195,545.00. Following the completion of the transaction, the director now directly owns 38,124 shares in the company, valued at $2,129,987.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

W. P. Carey Trading Up 0.4 %

NYSE:WPC opened at $55.34 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.93 and a debt-to-equity ratio of 0.90. W. P. Carey Inc. has a 1-year low of $53.01 and a 1-year high of $67.40. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.04 and a beta of 0.95. The business’s 50-day moving average price is $60.44 and its two-hundred day moving average price is $58.23.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The firm had revenue of $394.78 million for the quarter, compared to the consensus estimate of $377.43 million. During the same period in the previous year, the business earned $1.32 EPS. The firm’s revenue was down 11.9% compared to the same quarter last year. On average, equities analysts expect that W. P. Carey Inc. will post 4.52 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 6.32%. The ex-dividend date was Monday, September 30th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio (DPR) is presently 137.80%.

Analysts Set New Price Targets

Several brokerages have issued reports on WPC. Barclays lifted their price objective on W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Royal Bank of Canada lowered their price target on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 price objective (up previously from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on W. P. Carey from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Scotiabank cut their price target on W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.25.

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.