RPg Family Wealth Advisory LLC Invests $44,000 in W. P. Carey Inc. (NYSE:WPC)

RPg Family Wealth Advisory LLC purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 700 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other hedge funds have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its position in 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 buying an additional 231 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of W. P. Carey by 1,510.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 453 shares in the last quarter. Quarry LP boosted its position in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 357 shares during the last quarter. Lynx Investment Advisory purchased a new position in W. P. Carey in the second quarter valued at about $34,000. Finally, Maia Wealth LLC purchased a new stake in shares of W. P. Carey during the 3rd quarter worth about $40,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on WPC shares. Evercore ISI lifted their target price on shares of W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Barclays lifted their price objective on shares of W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Royal Bank of Canada lowered their target price on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $63.00 price target (up previously from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Finally, UBS Group lowered their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey has an average rating of “Hold” and a consensus price target of $62.88.

W. P. Carey Price Performance

Shares of WPC stock opened at $57.54 on Thursday. W. P. Carey Inc. has a 52 week low of $53.09 and a 52 week high of $67.40. The stock has a market capitalization of $12.59 billion, a PE ratio of 22.65, a PEG ratio of 1.07 and a beta of 0.95. 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 fifty day moving average is $58.70 and its 200-day moving average is $58.21.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings results 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). 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 for the quarter, compared to analyst estimates of $377.43 million. During the same quarter last year, the company earned $1.32 EPS. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. Equities research analysts expect that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. 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.