Nisa Investment Advisors LLC Reduces Stock Holdings in W.P. Carey Inc. $WPC

Nisa Investment Advisors LLC reduced its stake in W.P. Carey Inc. (NYSE:WPC) by 20.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,046 shares of the real estate investment trust’s stock after selling 9,933 shares during the period. Nisa Investment Advisors LLC’s holdings in W.P. Carey were worth $2,480,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WPC. von Borstel & Associates Inc. purchased a new position in W.P. Carey in the first quarter valued at approximately $26,000. TCTC Holdings LLC increased its stake in W.P. Carey by 100.8% in the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Cheviot Value Management LLC purchased a new position in W.P. Carey in the first quarter valued at approximately $37,000. V Square Quantitative Management LLC purchased a new position in W.P. Carey in the second quarter valued at approximately $40,000. Finally, REAP Financial Group LLC increased its stake in W.P. Carey by 56.4% in the second quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $65.39 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.19. The stock has a fifty day moving average price of $67.46 and a 200 day moving average price of $64.44. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The company has a market cap of $14.32 billion, a PE ratio of 39.63, a P/E/G ratio of 9.57 and a beta of 0.81.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. During the same period last year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Sell-side 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 Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.91 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s dividend payout ratio is 220.61%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Evercore ISI raised their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a research report on Thursday. Scotiabank raised their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. Finally, UBS Group raised their target price on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, W.P. Carey currently has a consensus rating of “Hold” and a consensus price target of $67.89.

About W.P. Carey

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.