ORG Partners LLC Has $89,000 Stock Position in W. P. Carey Inc. (NYSE:WPC)

ORG Partners LLC cut its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 21.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,428 shares of the real estate investment trust’s stock after selling 397 shares during the quarter. ORG Partners LLC’s holdings in W. P. Carey were worth $89,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WPC. McGlone Suttner Wealth Management Inc. grew its position in W. P. Carey by 7.3% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 9,615 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 650 shares in the last quarter. Carnegie Investment Counsel increased its stake in shares of W. P. Carey by 20.5% in the third quarter. Carnegie Investment Counsel now owns 173,837 shares of the real estate investment trust’s stock worth $10,830,000 after acquiring an additional 29,527 shares during the last quarter. Avondale Wealth Management purchased a new stake in shares of W. P. Carey during the third quarter worth $62,000. Gateway Investment Advisers LLC boosted its position in W. P. Carey by 16.5% during the third quarter. Gateway Investment Advisers LLC now owns 81,658 shares of the real estate investment trust’s stock valued at $5,087,000 after purchasing an additional 11,561 shares during the last quarter. Finally, LVW Advisors LLC purchased a new position in W. P. Carey in the third quarter valued at about $212,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Insider Transactions at W. P. Carey

In other W. P. Carey news, Director Mark A. Alexander acquired 3,500 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the transaction, the director now owns 38,124 shares in the company, valued at $2,129,987.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WPC shares. Royal Bank of Canada reduced their price target on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Friday, June 21st. UBS Group raised their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Evercore ISI upped their price objective on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Barclays raised their target price on W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and an average target price of $63.25.

W. P. Carey Stock Performance

WPC opened at $59.57 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $60.33 and its two-hundred day moving average price is $57.98. The firm has a market capitalization of $13.03 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94. W. P. Carey Inc. has a 12-month low of $51.60 and a 12-month high of $67.40.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.47). W. P. Carey had a return on equity of 6.50% and a net margin of 34.83%. The company had revenue of $389.70 million during the quarter, compared to analyst estimates of $381.39 million. During the same quarter in the previous year, the business posted $1.36 EPS. The company’s revenue was down 13.9% on a year-over-year basis. On average, equities analysts forecast that W. P. Carey Inc. will post 4.52 earnings per share for the current year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.875 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 5.88%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s payout ratio is 133.08%.

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.