Osaic Holdings Inc. Has $13.55 Million Position in W.P. Carey Inc. $WPC

by · The Cerbat Gem

Osaic Holdings Inc. lifted its stake in W.P. Carey Inc. (NYSE:WPC – Free Report) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,051 shares of the real estate investment trust’s stock after acquiring an additional 9,706 shares during the quarter. Osaic Holdings Inc.’s holdings in W.P. Carey were worth $13,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WPC. Griffin Asset Management Inc. grew its stake in W.P. Carey by 0.6% in the second quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust’s stock valued at $2,011,000 after purchasing an additional 178 shares in the last quarter. BridgePort Financial Solutions LLC grew its stake in shares of W.P. Carey by 0.6% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust’s stock valued at $1,789,000 after buying an additional 180 shares in the last quarter. Cooper Financial Group grew its stake in shares of W.P. Carey by 1.5% in the 2nd quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust’s stock valued at $749,000 after buying an additional 181 shares in the last quarter. Kovack Advisors Inc. increased its holdings in W.P. Carey by 3.3% in the second quarter. Kovack Advisors Inc. now owns 5,779 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 186 shares during the last quarter. Finally, Motco raised its position in W.P. Carey by 6.3% during the second quarter. Motco now owns 3,139 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Trading Up 0.2%

W.P. Carey stock opened at $64.57 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.25 and a current ratio of 0.25. The business’s 50-day simple moving average is $66.66 and its 200-day simple moving average is $65.68. The firm has a market capitalization of $14.15 billion, a PE ratio of 39.13, a PEG ratio of 6.03 and a beta of 0.78. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.79.

W.P. Carey (NYSE:WPC – Get Free Report) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.92 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a dividend yield of 5.7%. W.P. Carey’s dividend payout ratio is 220.61%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. JPMorgan Chase & Co. decreased their price objective on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Evercore ISI lowered their target price 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. Scotiabank boosted their price target on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, W.P. Carey presently has a consensus rating of “Hold” and a consensus price target of $68.50.

Check Out Our Latest Stock Report on WPC

W.P. Carey Profile

(Free Report)

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.

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