Asset Management One Co. Ltd. Has $26.72 Million Stock Holdings in 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 third quarter, Holdings Channel reports. The institutional investor owned 428,962 shares of the real estate investment trust’s stock after buying an additional 1,577 shares during the period. Asset Management One Co. Ltd.’s holdings in W. P. Carey were worth $26,724,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other W. P. Carey news, Director Mark A. Alexander purchased 3,500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the completion of the acquisition, the director now owns 38,124 shares in the company, valued at approximately $2,129,987.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group lifted their price objective on shares of W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Royal Bank of Canada cut their target price on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Barclays raised their price target on W. P. Carey from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI increased their price objective on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank dropped their target price on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and an average target price of $63.25.

W. P. Carey Trading Up 0.4 %

WPC opened at $55.34 on Tuesday. The company’s 50 day moving average is $60.44 and its 200-day moving average is $58.23. The company has a market cap of $12.11 billion, a P/E ratio of 21.79, a PEG ratio of 1.04 and a beta of 0.95. W. P. Carey Inc. has a 1-year low of $53.01 and a 1-year high of $67.40. 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 (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 net margin of 35.12% and a return on equity of 6.45%. The firm had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. During the same period last year, the business earned $1.32 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts predict that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

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

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.