W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC lifted its holdings in W. P. Carey Inc. (NYSE:WPC) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,425 shares of the real estate investment trust’s stock after acquiring an additional 1,752 shares during the period. Naviter Wealth LLC’s holdings in W. P. Carey were worth $1,013,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in W. P. Carey by 9.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 97,434 shares of the real estate investment trust’s stock worth $5,269,000 after buying an additional 8,400 shares during the period. Accurate Wealth Management LLC increased its position in shares of W. P. Carey by 17.6% during the third quarter. Accurate Wealth Management LLC now owns 3,996 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 599 shares during the last quarter. Xponance Inc. increased its position in shares of W. P. Carey by 9.7% during the third quarter. Xponance Inc. now owns 8,148 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 720 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of W. P. Carey by 17.9% in the third quarter. Joel Isaacson & Co. LLC now owns 5,757 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 872 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in W. P. Carey by 1.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 142,279 shares of the real estate investment trust’s stock valued at $7,694,000 after purchasing an additional 2,270 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

Shares of WPC opened at $55.25 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $12.09 billion, a P/E ratio of 16.88, a PEG ratio of 0.44 and a beta of 0.86. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $74.66. The stock has a fifty day moving average price of $55.96 and a 200 day moving average price of $58.88.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. The business had revenue of $410.38 million for the quarter, compared to analysts’ expectations of $413.04 million. W. P. Carey had a net margin of 40.68% and a return on equity of 7.78%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, research analysts forecast that W. P. Carey Inc. will post 4.56 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.865 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 6.26%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, March 27th. W. P. Carey’s dividend payout ratio is 104.85%.

Analyst Ratings Changes

WPC has been the topic of a number of recent analyst reports. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Royal Bank of Canada reduced their price objective on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Barclays began coverage on shares of W. P. Carey in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. StockNews.com started coverage on W. P. Carey in a report on Thursday, January 4th. They set a “hold” rating on the stock. Finally, Scotiabank lowered their price target on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and a consensus target price of $63.36.

About W. P. Carey

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.