U.S. Capital Wealth Advisors LLC Acquires New Shares in W. P. Carey Inc. (NYSE:WPC)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 48,944 shares of the real estate investment trust’s stock, valued at approximately $2,666,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. RFG Advisory LLC increased its position in shares of W. P. Carey by 91.7% in the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 3,049 shares during the last quarter. Equity Investment Corp increased its holdings 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 worth $92,305,000 after buying an additional 9,610 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of W. P. Carey in the 3rd quarter worth $1,692,000. abrdn plc increased its holdings in shares of W. P. Carey by 9.9% in the 3rd quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 9,229 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in W. P. Carey by 7.0% in the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock valued at $1,980,000 after acquiring an additional 2,075 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WPC. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. UBS Group reduced their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Scotiabank reduced their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays reiterated an “underweight” rating and set a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.43.

W. P. Carey Stock Down 0.9 %

Shares of W. P. Carey stock opened at $55.38 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $64.26. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.01 and a beta of 0.97. The company’s 50 day moving average price is $55.40 and its 200-day moving average price is $57.74.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 6.36%. 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. W. P. Carey’s dividend payout ratio (DPR) is 138.58%.

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.