W. P. Carey Inc. (NYSE:WPC) Shares Bought by XML Financial LLC

XML Financial LLC increased its position in W. P. Carey Inc. (NYSE:WPC) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 36,463 shares of the real estate investment trust’s stock after purchasing an additional 1,646 shares during the quarter. XML Financial LLC’s holdings in W. P. Carey were worth $1,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPC. Equity Investment Corp raised its stake in shares of W. P. Carey by 0.7% during the third quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock valued at $92,305,000 after purchasing an additional 9,610 shares in the last quarter. SG Americas Securities LLC raised its holdings in W. P. Carey by 41.9% during the third quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock worth $9,742,000 after purchasing an additional 46,181 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of W. P. Carey in the 3rd quarter worth $1,692,000. abrdn plc boosted its stake in W. P. Carey by 9.9% during the third quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock valued at $6,396,000 after buying an additional 9,229 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in W. P. Carey by 82.9% during the third quarter. Sequoia Financial Advisors LLC now owns 146,900 shares of the real estate investment trust’s stock worth $9,152,000 after acquiring an additional 66,577 shares during the period. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 1.9 %

WPC stock opened at $56.86 on Wednesday. The company has a 50 day moving average of $55.55 and a two-hundred day moving average of $57.86. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.01 and a beta of 0.97. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month 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.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). The firm 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%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the business earned $1.32 earnings per share. On average, equities analysts anticipate that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. This is a positive change 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 dividend yield of 6.19%. W. P. Carey’s dividend payout ratio is 138.58%.

Wall Street Analyst Weigh In

WPC has been the subject of a number of research analyst reports. 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. Barclays reaffirmed an “underweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Scotiabank cut their price objective 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. Finally, JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. 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, W. P. Carey has an average rating of “Hold” and a consensus price target of $62.43.

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.