Swiss National Bank Has $40.46 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

Swiss National Bank raised its holdings in W. P. Carey Inc. (NYSE:WPC) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 649,451 shares of the real estate investment trust’s stock after buying an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in W. P. Carey were worth $40,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPC. Massmutual Trust Co. FSB ADV raised its holdings in shares of W. P. Carey by 35.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 172 shares during the period. Catalytic Wealth RIA LLC raised its stake in W. P. Carey by 5.2% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 4,033 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 198 shares during the period. Kowal Investment Group LLC boosted its holdings in W. P. Carey by 3.4% in the second quarter. Kowal Investment Group LLC now owns 6,070 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 199 shares in the last quarter. Harbour Investments Inc. grew its stake in W. P. Carey by 5.9% in the third quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 203 shares during the period. Finally, Creative Planning increased its holdings in shares of W. P. Carey by 0.3% during the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after acquiring an additional 207 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on WPC shares. UBS Group reduced their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Scotiabank reduced their price objective on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Evercore ISI lifted their price target on W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.88.

W. P. Carey Stock Up 0.2 %

Shares of NYSE:WPC opened at $56.61 on Thursday. W. P. Carey Inc. has a 1 year low of $53.09 and a 1 year high of $67.40. The company has a market capitalization of $12.39 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95. The business has a fifty day moving average price of $59.18 and a two-hundred day moving average price of $58.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million for the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. W. P. Carey’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. Analysts forecast that W. P. Carey Inc. will post 4.52 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s payout ratio is 137.80%.

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.