Swedbank AB Has $4.09 Million Stake in W.P. Carey Inc. $WPC

Swedbank AB lifted its position in W.P. Carey Inc. (NYSE:WPC) by 24.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,596 shares of the real estate investment trust’s stock after buying an additional 11,821 shares during the quarter. Swedbank AB’s holdings in W.P. Carey were worth $4,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPC. Norges Bank acquired a new stake in W.P. Carey in the second quarter valued at approximately $151,411,000. Captrust Financial Advisors lifted its stake in shares of W.P. Carey by 2,712.0% in the 2nd quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock valued at $48,128,000 after purchasing an additional 744,097 shares during the last quarter. GRS Advisors LLC bought a new stake in W.P. Carey in the second quarter worth $37,694,000. First Trust Advisors LP increased its position in W.P. Carey by 422.2% during the second quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock worth $45,939,000 after buying an additional 595,404 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in W.P. Carey by 165.6% during the second quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock valued at $51,809,000 after buying an additional 517,855 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WPC. Scotiabank upped their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Friday, September 5th. Barclays increased their price target on W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $69.00 price objective on shares of W.P. Carey in a report on Monday, December 8th. JPMorgan Chase & Co. lowered their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $68.50.

W.P. Carey Trading Up 0.3%

Shares of WPC stock opened at $64.82 on Friday. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $69.79. The firm’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $65.77. The firm has a market capitalization of $14.21 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 6.07 and a beta of 0.78. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02.

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, beating analysts’ consensus estimates of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. During the same period in the prior year, the firm earned $1.18 EPS. The business’s revenue 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. As a group, sell-side analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 5.7%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, December 31st. W.P. Carey’s dividend payout ratio (DPR) is 220.61%.

W.P. Carey Company Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.