W.P. Carey Inc. $WPC Stock Bought by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its position in W.P. Carey Inc. (NYSE:WPC) by 47.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,719 shares of the real estate investment trust’s stock after purchasing an additional 9,876 shares during the period. Machina Capital S.A.S.’s holdings in W.P. Carey were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC increased its position in W.P. Carey by 1.1% in the second quarter. Concurrent Investment Advisors LLC now owns 13,818 shares of the real estate investment trust’s stock worth $988,000 after buying an additional 148 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of W.P. Carey by 4.1% during the 3rd quarter. Parallel Advisors LLC now owns 4,182 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 163 shares during the last quarter. Mystic Asset Management Inc. lifted its position in shares of W.P. Carey by 4.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 4,626 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 200 shares during the last quarter. Inspirion Wealth Advisors LLC lifted its position in shares of W.P. Carey by 0.9% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 22,644 shares of the real estate investment trust’s stock valued at $1,464,000 after buying an additional 212 shares during the last quarter. Finally, GoalVest Advisory LLC grew its stake in shares of W.P. Carey by 102.3% during the 3rd quarter. GoalVest Advisory LLC now owns 449 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 227 shares during the period. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Performance

Shares of WPC opened at $64.87 on Friday. The stock’s 50-day simple moving average is $65.53 and its 200 day simple moving average is $70.64. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.21 and a current ratio of 0.21. W.P. Carey Inc. has a 52-week low of $62.19 and a 52-week high of $77.22.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.09). The company had revenue of $468.30 million during the quarter, compared to the consensus estimate of $457.57 million. W.P. Carey had a return on equity of 7.67% and a net margin of 35.60%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. Research analysts forecast that W.P. Carey Inc. will post 5.07 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.95 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.94. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.9%. W.P. Carey’s payout ratio is currently 131.03%.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on W.P. Carey from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada boosted their price objective on W.P. Carey from $73.00 to $77.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Evercore set a $75.00 price objective on shares of W.P. Carey in a report on Monday, September 21st. Weiss Ratings lowered shares of W.P. Carey from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Finally, BNP Paribas Exane upgraded shares of W.P. Carey from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $73.00 to $88.00 in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

W.P. Carey Profile

W.P. Carey Inc. is a real estate investment trust that owns and manages commercial properties leased to businesses under long-term net leases. Under these arrangements, tenants typically pay property expenses such as taxes, insurance and maintenance in addition to rent. The company’s portfolio focuses primarily on industrial and warehouse properties, along with retail and self-storage facilities. Its properties serve tenants in the United States and Europe. In 2023, W.P. Carey separated its office properties into a new, publicly traded company as part of a shift toward its other property types.