Prairiewood Capital LLC Has $3.85 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

Prairiewood Capital LLC raised its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 70,612 shares of the real estate investment trust’s stock after acquiring an additional 3,744 shares during the quarter. W. P. Carey accounts for 1.6% of Prairiewood Capital LLC’s holdings, making the stock its 16th largest position. Prairiewood Capital LLC’s holdings in W. P. Carey were worth $3,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPC. Massmutual Trust Co. FSB ADV increased its holdings in W. P. Carey by 35.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 172 shares during the period. Harbour Investments Inc. raised its position in W. P. Carey by 5.9% in the third quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 203 shares in the last quarter. Creative Planning raised its position in W. P. Carey by 0.3% in the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock worth $4,031,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC lifted its stake in W. P. Carey by 9.5% during the third quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 212 shares during the period. Finally, Demars Financial Group LLC boosted its holdings in W. P. Carey by 2.2% during the third quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 216 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

W. P. Carey Stock Performance

NYSE:WPC opened at $55.81 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $55.51 and a 200 day simple moving average of $57.85. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.42. The stock has a market cap of $12.21 billion, a P/E ratio of 21.97, a PEG ratio of 0.97 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released its 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 firm had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. W. P. Carey’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. Research analysts anticipate that W. P. Carey Inc. will post 4.5 earnings per share for the current year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.31%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio is presently 138.58%.

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.