W. P. Carey Inc. (NYSE:WPC) Stock Holdings Lessened by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC lowered its stake in W. P. Carey Inc. (NYSE:WPC) by 8.2% during the second quarter, HoldingsChannel reports. The firm owned 78,800 shares of the real estate investment trust’s stock after selling 7,040 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in W. P. Carey were worth $4,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPC. Susquehanna Fundamental Investments LLC purchased a new stake in shares of W. P. Carey in the second quarter valued at $9,174,000. Scientech Research LLC boosted its stake in shares of W. P. Carey by 95.2% during the 2nd quarter. Scientech Research LLC now owns 12,958 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 6,320 shares during the period. Millennium Management LLC purchased a new position in W. P. Carey in the second quarter valued at about $4,043,000. MBB Public Markets I LLC acquired a new position in W. P. Carey in the 2nd quarter worth about $874,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of W. P. Carey during the 2nd quarter worth about $2,863,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Down 0.2 %

WPC opened at $62.74 on Friday. W. P. Carey Inc. has a 1-year low of $51.36 and a 1-year high of $67.40. The stock has a market capitalization of $13.73 billion, a PE ratio of 23.86, a PEG ratio of 1.18 and a beta of 0.94. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $59.92 and a two-hundred day moving average price of $57.60.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.47). The company had revenue of $389.70 million during the quarter, compared to analyst estimates of $381.39 million. W. P. Carey had a net margin of 34.83% and a return on equity of 6.50%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. As a group, equities analysts anticipate that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 5.58%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Monday, September 30th. W. P. Carey’s payout ratio is 133.08%.

Wall Street Analyst Weigh In

WPC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on W. P. Carey from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Friday, June 21st. Evercore ISI upped their target price on W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. UBS Group lifted their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Scotiabank lowered their target price on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, W. P. Carey presently has a consensus rating of “Hold” and an average price target of $61.13.

Insiders Place Their Bets

In related news, Director Mark A. Alexander bought 3,500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $55.87 per share, with a total value of $195,545.00. Following the completion of the purchase, the director now owns 38,124 shares of the company’s stock, valued at approximately $2,129,987.88. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

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.