Entropy Technologies LP Has $1.07 Million Stake in W.P. Carey Inc. $WPC

Entropy Technologies LP reduced its holdings in W.P. Carey Inc. (NYSE:WPC) by 51.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,186 shares of the real estate investment trust’s stock after selling 18,444 shares during the period. Entropy Technologies LP’s holdings in W.P. Carey were worth $1,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Griffin Asset Management Inc. raised its position in shares of W.P. Carey by 0.6% during the 2nd quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust’s stock valued at $2,011,000 after acquiring an additional 178 shares during the last quarter. BridgePort Financial Solutions LLC grew its stake in shares of W.P. Carey by 0.6% during the second quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust’s stock worth $1,789,000 after purchasing an additional 180 shares during the period. Cooper Financial Group increased its holdings in W.P. Carey by 1.5% in the second quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 181 shares during the last quarter. Kovack Advisors Inc. lifted its stake in W.P. Carey by 3.3% in the second quarter. Kovack Advisors Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 186 shares during the period. Finally, Motco boosted its holdings in W.P. Carey by 6.3% during the second quarter. Motco now owns 3,139 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 187 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on WPC. Scotiabank boosted their target price on 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. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. 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. Evercore ISI increased 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 report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, W.P. Carey has an average rating of “Hold” and a consensus target price of $67.89.

W.P. Carey Stock Up 1.2%

W.P. Carey stock opened at $67.09 on Friday. The company has a 50 day moving average of $67.36 and a 200-day moving average of $65.06. The company has a quick ratio of 0.19, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. The stock has a market capitalization of $14.70 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. The business had revenue of $431.30 million for the quarter, compared to analysts’ expectations of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, equities research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s payout ratio is 220.61%.

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.