IFM Investors Pty Ltd Has $2.39 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

IFM Investors Pty Ltd reduced its position in W. P. Carey Inc. (NYSE:WPC) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,360 shares of the real estate investment trust’s stock after selling 2,128 shares during the period. IFM Investors Pty Ltd’s holdings in W. P. Carey were worth $2,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WPC. Cohen & Steers Inc. increased its position in W. P. Carey by 91.9% in the fourth quarter. Cohen & Steers Inc. now owns 11,290,841 shares of the real estate investment trust’s stock worth $731,800,000 after purchasing an additional 5,407,289 shares during the period. Norges Bank acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $157,107,000. Daiwa Securities Group Inc. raised its stake in shares of W. P. Carey by 130.0% during the third quarter. Daiwa Securities Group Inc. now owns 2,516,956 shares of the real estate investment trust’s stock worth $136,117,000 after buying an additional 1,422,490 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in W. P. Carey by 4,716.5% in the fourth quarter. Principal Financial Group Inc. now owns 802,426 shares of the real estate investment trust’s stock valued at $52,005,000 after buying an additional 785,766 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in W. P. Carey by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 30,784,040 shares of the real estate investment trust’s stock valued at $1,995,114,000 after buying an additional 657,188 shares during the period. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Down 1.7 %

WPC stock traded down $0.95 during trading hours on Friday, reaching $55.03. 1,167,421 shares of the stock were exchanged, compared to its average volume of 981,356. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.44 and a beta of 0.86. The firm’s 50-day moving average is $55.99 and its 200-day moving average is $58.80. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $74.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.62 and a quick ratio of 0.62.

W. P. Carey (NYSE:WPC) last announced its earnings results on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. The business had revenue of $410.38 million for the quarter, compared to analyst estimates of $413.04 million. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. W. P. Carey’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. On average, equities research analysts expect that W. P. Carey Inc. will post 4.56 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.865 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Wednesday, March 27th. W. P. Carey’s payout ratio is presently 104.85%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Barclays initiated coverage on W. P. Carey in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price for the company. Scotiabank cut their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Finally, StockNews.com began coverage on shares of W. P. Carey in a report on Thursday, January 4th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and a consensus price target of $63.36.

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.