Nordea Investment Management AB Increases Stake in W. P. CAREY
July 14, 2023
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Nordea Investment Management AB has recently announced that they have increased their holdings of W. P. Carey ($NYSE:WPC) Inc. shares. W. P. Carey is a publicly traded real estate investment trust (REIT) that specializes in owning and managing single-tenant, net-leased properties, which are primarily used for corporate operations. The company also has a strong presence in the European market with offices in London and Frankfurt. With a diverse portfolio and experienced management team, W. P. Carey is well-positioned to continue providing long-term value to investors.
Nordea Investment Management AB’s decision to increase their holdings of W. P. Carey Inc. stock reflects their confidence in the company’s ability to deliver consistent returns to shareholders. This move makes Nordea one of many investors who have increased their stake in W. P. Carey, further demonstrating the strength of the company’s long-term investment strategy.
Share Price
On Monday, W. P. CAREY stock opened at $67.6 and closed at $67.7, a rise of 0.1% from the previous closing price of 67.6. This move signals increased confidence in the company’s future prospects and potential for growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WPC. More…
| Total Revenues | Net Income | Net Margin |
| 1.56k | 736.52 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WPC. More…
| Operations | Investing | Financing |
| 1.05k | -1.41k | 329.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WPC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.83k | 9.51k | 43.49 |
Key Ratios Snapshot
Some of the financial key ratios for WPC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 45.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we performed an analysis on W. P. CAREY and are pleased to share our findings. Based on our Star Chart classification, W. P. CAREY is deemed as a ‘cow’, which is a type of company that typically pays out consistent and sustainable dividends. W. P. CAREY is strong in terms of assets, growth, and profitability, and medium in terms of dividend, which makes it an attractive option for various types of investors. In particular, those who are interested in steady dividend payments or long-term investments may want to consider this company. Moreover, W. P. CAREY has a high health score of 7/10 with regard to its cashflows and debt, which means that the company is capable of sustaining future operations even during times of crisis. This further reinforces the notion that W. P. CAREY is a good option for investors looking for a reliable and long-term investment. More…
Peers
It’s one of the largest owners and operators of single-tenant commercial properties in the U.S., with a portfolio that includes office buildings, warehouses, and retail centers. The company’s size and scope give it some advantages over its smaller competitors, but it also faces some stiff competition from some of the other big REITs in the space, including Realty Income Corp, STORE Capital Corp, and Prologis Inc.
– Realty Income Corp ($NYSE:O)
Realty Income Corporation is a publicly traded real estate investment trust that invests in commercial real estate properties in the United States. The company was founded in 1969 and is headquartered in Escondido, California. As of December 31, 2020, Realty Income owned 5,689 properties across 49 states.
– STORE Capital Corp ($NYSE:STOR)
STORE Capital Corp is a real estate investment trust that focuses on acquiring, financing, and owning net-leased properties. The company’s properties are leased to middle market and national retail tenants. As of December 31, 2020, STORE Capital owned 1,847 properties in 48 states.
– Prologis Inc ($NYSE:PLD)
Prologis Inc is a real estate investment trust that owns, operates, and develops warehouses and distribution centers around the world. As of 2022, it has a market capitalization of $94.6 billion. The company’s warehouses are used by a variety of businesses, including e-commerce fulfillment, retail, manufacturing, and logistics. Prologis is one of the largest landlords in the United States and China, and its properties are located in 19 countries across North America, Europe, Asia, and Australia.
Summary
W.P. Carey Inc. has recently attracted increased attention from Nordea Investment Management AB, an asset management company. This increased stock position shows that Nordea has confidence in the company’s performance and outlook for the future. W.P. Carey is a REIT (Real Estate Investment Trust) specializing in corporate sale-leaseback, net lease financing, and build-to-suit transactions. With an A- rating from Standard & Poor’s, the company’s financial performance is strong and reflects a commitment to long-term growth.
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