UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,784,131 Shares of W. P. Carey Inc. (NYSE:WPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 660.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,054,080 shares of the real estate investment trust's stock after purchasing an additional 1,784,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.94% of W. P. Carey worth $127,969,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in shares of W. P. Carey by 93.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 479 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 231 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in W. P. Carey by 1,510.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 453 shares during the period. Quarry LP lifted its position in shares of W. P. Carey by 175.9% in the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 357 shares during the period. Lynx Investment Advisory bought a new stake in W. P. Carey during the 2nd quarter valued at approximately $34,000. Finally, EdgeRock Capital LLC bought a new stake in shares of W. P. Carey during the 2nd quarter valued at $39,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WPC has been the topic of several recent research reports. Wells Fargo & Company reiterated an "equal weight" rating and issued a $63.00 price objective (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Barclays increased their price target on W. P. Carey from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. UBS Group lowered their price target on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Scotiabank decreased their target price on shares of W. P. Carey from $61.00 to $60.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Finally, Evercore ISI boosted their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $62.88.

W. P. Carey Price Performance

W. P. Carey stock traded down $1.05 during midday trading on Monday, reaching $56.02. The company's stock had a trading volume of 1,093,665 shares, compared to its average volume of 1,206,653. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50 day simple moving average is $58.36 and its 200 day simple moving average is $58.17. W. P. Carey Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $67.40. The firm has a market capitalization of $12.26 billion, a PE ratio of 22.08, a P/E/G ratio of 1.06 and a beta of 0.95.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to analysts' expectations of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. On average, equities research 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. Shareholders of record on Monday, September 30th were given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.25%. This is an increase from W. P. Carey's previous quarterly dividend of $0.87. The ex-dividend date was Monday, September 30th. W. P. Carey's payout ratio is 137.80%.

W. P. Carey 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.