Commerzbank Aktiengesellschaft FI Boosts Position in W.P. Carey Inc. $WPC

Commerzbank Aktiengesellschaft FI increased its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 18.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,280 shares of the real estate investment trust’s stock after acquiring an additional 1,273 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in W.P. Carey were worth $517,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms recently weighed in on WPC. Royal Bank Of Canada boosted their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Evercore ISI lifted their price target on W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday. Scotiabank lifted their price target 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. Finally, Barclays lifted their price target on W.P. Carey from $61.00 to $64.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Three investment 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, the company currently has an average rating of “Hold” and a consensus price target of $67.22.

W.P. Carey Trading Down 0.4%

NYSE:WPC opened at $66.81 on Friday. The firm has a market cap of $14.63 billion, a P/E ratio of 43.95, a PEG ratio of 9.70 and a beta of 0.81. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The stock’s 50 day simple moving average is $66.98 and its 200-day simple moving average is $63.68. W.P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $69.79.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. The business had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Equities analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey’s dividend payout ratio is presently 239.47%.

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.