W. P. Carey Inc. (NYSE:WPC) Holdings Lifted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,677 shares of the real estate investment trust’s stock after buying an additional 858 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in W. P. Carey were worth $1,475,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WPC. HB Wealth Management LLC boosted its position in shares of W. P. Carey by 247.3% in the 2nd quarter. HB Wealth Management LLC now owns 12,419 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 8,843 shares during the period. SG Americas Securities LLC boosted its position in shares of W. P. Carey by 41.9% in the 3rd quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock valued at $9,742,000 after purchasing an additional 46,181 shares during the period. Equity Investment Corp boosted its position in shares of W. P. Carey by 0.7% in the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock valued at $92,305,000 after purchasing an additional 9,610 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of W. P. Carey by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 456,149 shares of the real estate investment trust’s stock valued at $25,749,000 after purchasing an additional 9,324 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of W. P. Carey by 9.8% in the 2nd quarter. QRG Capital Management Inc. now owns 108,156 shares of the real estate investment trust’s stock valued at $5,954,000 after purchasing an additional 9,619 shares during the period. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 0.2 %

WPC opened at $56.61 on Thursday. W. P. Carey Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $67.40. The business has a 50-day moving average of $59.18 and a 200-day moving average of $58.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $12.39 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95.

W. P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts forecast that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.875 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend was Monday, September 30th. W. P. Carey’s payout ratio is 137.80%.

Analyst Ratings Changes

WPC has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. UBS Group reduced their price objective 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. Finally, Barclays increased their price objective on W. P. Carey from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.88.

W. P. Carey Company 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.