IFM Investors Pty Ltd Sells 6,515 Shares of W.P. Carey Inc. $WPC

IFM Investors Pty Ltd decreased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,365 shares of the real estate investment trust’s stock after selling 6,515 shares during the quarter. IFM Investors Pty Ltd’s holdings in W.P. Carey were worth $5,324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WPC. Janus Henderson Group PLC boosted its holdings in W.P. Carey by 130.2% in the 4th quarter. Janus Henderson Group PLC now owns 27,585 shares of the real estate investment trust’s stock valued at $1,503,000 after purchasing an additional 15,600 shares during the period. Millennium Management LLC boosted its holdings in W.P. Carey by 514.7% in the 4th quarter. Millennium Management LLC now owns 538,933 shares of the real estate investment trust’s stock valued at $29,361,000 after purchasing an additional 451,262 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in W.P. Carey by 20.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,130 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 1,548 shares during the period. Nomura Holdings Inc. bought a new stake in W.P. Carey in the 4th quarter valued at about $2,877,000. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in W.P. Carey by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 58,450 shares of the real estate investment trust’s stock valued at $3,186,000 after purchasing an additional 1,117 shares during the period. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Stock Performance

NYSE WPC opened at $68.47 on Friday. The firm’s fifty day moving average price is $64.96 and its two-hundred day moving average price is $62.99. The stock has a market cap of $14.99 billion, a PE ratio of 45.05, a PEG ratio of 9.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $68.63.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. The company had revenue of $430.78 million during the quarter, compared to analysts’ expectations of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.W.P. Carey’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on WPC shares. UBS Group boosted their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $68.00 to $72.00 in a report on Thursday. BNP Paribas Exane raised shares of W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research note on Monday, June 9th. Barclays lifted their price objective on shares of W.P. Carey from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada boosted their price target on W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.78.

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.