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

Austin Private Wealth LLC lifted its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,608 shares of the real estate investment trust’s stock after purchasing an additional 566 shares during the period. Austin Private Wealth LLC’s holdings in W. P. Carey were worth $414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPC. Quarry LP boosted its holdings in W. P. Carey by 175.9% in 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 in the last quarter. Maia Wealth LLC acquired a new position in W. P. Carey in the third quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in W. P. Carey by 35.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 641 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 616 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

W. P. Carey Price Performance

W. P. Carey stock opened at $55.96 on Friday. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $64.26. 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 business has a 50 day simple moving average of $55.44 and a 200-day simple moving average of $57.79. The stock has a market capitalization of $12.25 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million for the quarter, compared to analysts’ expectations of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. W. P. Carey’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 6.29%. W. P. Carey’s dividend payout ratio is presently 138.58%.

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.