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

Austin Private Wealth LLC grew its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,608 shares of the real estate investment trust’s stock after purchasing an additional 566 shares during the quarter. Austin Private Wealth LLC’s holdings in W. P. Carey were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPC. Bank of Montreal Can boosted its stake in W. P. Carey by 8.5% during the 2nd quarter. Bank of Montreal Can now owns 33,811 shares of the real estate investment trust’s stock worth $1,871,000 after purchasing an additional 2,659 shares during the last quarter. Millennium Management LLC acquired a new stake in W. P. Carey during the 2nd quarter worth $4,043,000. Quarry LP boosted its stake in W. P. Carey by 175.9% during the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 357 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in W. P. Carey during the 2nd quarter worth $1,527,000. Finally, Cetera Investment Advisers boosted its stake in W. P. Carey by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 362,206 shares of the real estate investment trust’s stock worth $19,939,000 after purchasing an additional 1,870 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Up 0.5 %

Shares of WPC opened at $55.96 on Friday. The firm has a market cap of $12.25 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $64.26. The company’s 50-day moving average price is $55.44 and its 200 day moving average price is $57.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey (NYSE:WPC) last issued 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 analysts’ expectations of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. On average, sell-side analysts forecast that W. P. Carey Inc. will post 4.49 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a yield of 6.29%. W. P. Carey’s dividend payout ratio is 138.58%.

Analyst Upgrades and Downgrades

WPC has been the topic of several analyst reports. Scotiabank reduced their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Barclays reiterated an “underweight” rating and set a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Finally, UBS Group reduced their price target 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. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.43.

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.