Rakuten Investment Management Inc. Purchases Shares of 212,445 W.P. Carey Inc. $WPC

Rakuten Investment Management Inc. acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 212,445 shares of the real estate investment trust’s stock, valued at approximately $14,355,000. Rakuten Investment Management Inc. owned approximately 0.10% of W.P. Carey at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new position in W.P. Carey during the 2nd quarter worth approximately $28,000. Headlands Technologies LLC bought a new stake in shares of W.P. Carey during the second quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new position in shares of W.P. Carey during the second quarter worth approximately $40,000. REAP Financial Group LLC raised its position in shares of 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 period. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of W.P. Carey by 1,126.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 563 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $69.00 to $70.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Barclays set a $65.00 target price on shares of W.P. Carey in a report on Tuesday, January 13th. Evercore ISI dropped their price target on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th. Finally, Citigroup lifted their price target on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, W.P. Carey presently has an average rating of “Hold” and a consensus price target of $68.70.

W.P. Carey Stock Performance

Shares of WPC stock opened at $69.62 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a 50-day moving average of $66.31 and a 200-day moving average of $66.22. W.P. Carey Inc. has a one year low of $53.93 and a one year high of $70.28. The company has a market cap of $15.26 billion, a P/E ratio of 42.20, a P/E/G ratio of 5.97 and a beta of 0.79.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Equities research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.3%. W.P. Carey’s dividend payout ratio (DPR) is 223.03%.

W.P. Carey 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.