Wealthcare Advisory Partners LLC Trims Stock Position in W. P. Carey Inc. (NYSE:WPC)

Wealthcare Advisory Partners LLC reduced its stake in W. P. Carey Inc. (NYSE:WPC) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,148 shares of the real estate investment trust’s stock after selling 2,208 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in W. P. Carey were worth $1,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP lifted its holdings in shares of W. P. Carey by 175.9% during the second 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 period. Maia Wealth LLC acquired a new stake in shares of W. P. Carey in the 3rd quarter worth $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of 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 acquiring an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of W. P. Carey by 2,374.1% during the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 641 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an “underweight” rating and issued a $59.00 price objective (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Scotiabank decreased their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Wells Fargo & Company restated an “equal weight” rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Finally, UBS Group cut their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.43.

W. P. Carey Trading Up 0.5 %

NYSE:WPC opened at $55.81 on Friday. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.42. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $55.51 and a 200-day simple moving average of $57.82. The company has a market capitalization of $12.21 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). The business had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. On average, equities research analysts expect that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is 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.