W. P. Carey Inc. (NYSE:WPC) Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 146,790 shares of the real estate investment trust’s stock after purchasing an additional 1,402 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in W. P. Carey were worth $7,997,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP lifted its position in shares of W. P. Carey by 175.9% in the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 357 shares in the last quarter. Maia Wealth LLC purchased a new stake in W. P. Carey in the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 172 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 616 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $53.93 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average price of $55.62 and a 200 day moving average price of $57.86. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.04 and a beta of 0.97. W. P. Carey Inc. has a twelve month low of $53.09 and a twelve month high of $67.40.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. Research analysts predict that W. P. Carey Inc. will post 4.5 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is presently 138.58%.

Wall Street Analyst Weigh In

WPC has been the topic of several research reports. Barclays reaffirmed an “underweight” rating and issued a $59.00 target price (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Friday. Evercore ISI raised their price target on shares of W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Finally, UBS Group decreased their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and an average price target of $62.57.

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.