Swiss National Bank Has $38.96 Million Holdings in W.P. Carey Inc. (NYSE:WPC)

Swiss National Bank cut its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 617,251 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Swiss National Bank’s holdings in W.P. Carey were worth $38,955,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in W.P. Carey by 9.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 331,548 shares of the real estate investment trust’s stock worth $20,924,000 after acquiring an additional 29,554 shares during the last quarter. Deutsche Bank AG grew its position in W.P. Carey by 2.0% during the 1st quarter. Deutsche Bank AG now owns 291,308 shares of the real estate investment trust’s stock worth $18,384,000 after acquiring an additional 5,701 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in W.P. Carey by 82.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 102,798 shares of the real estate investment trust’s stock worth $6,488,000 after acquiring an additional 46,402 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in W.P. Carey during the 1st quarter worth approximately $214,000. Finally, Charles Schwab Investment Management Inc. grew its position in W.P. Carey by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock worth $168,018,000 after acquiring an additional 20,495 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Stock Performance

WPC stock opened at $65.60 on Tuesday. The business’s fifty day moving average is $63.40 and its 200-day moving average is $61.64. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. The company has a market cap of $14.37 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 9.62 and a beta of 0.78. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.64.

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 for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. Equities research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.90 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio (DPR) is currently 236.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WPC shares. BNP Paribas set a $66.00 price target on W.P. Carey and gave the stock a “neutral” rating in a research report on Monday, June 9th. UBS Group decreased their price target on W.P. Carey from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. BNP Paribas Exane upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research report on Monday, June 9th. Royal Bank Of Canada increased their price objective on W.P. Carey from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Barclays set a $61.00 price objective on W.P. Carey and gave the company an “underweight” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.00.

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.