W. P. Carey Inc. (NYSE:WPC) Shares Sold by FLC Capital Advisors

FLC Capital Advisors lowered its stake in W. P. Carey Inc. (NYSE:WPC) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,268 shares of the real estate investment trust’s stock after selling 393 shares during the quarter. FLC Capital Advisors’ holdings in W. P. Carey were worth $515,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HB Wealth Management LLC lifted its position in W. P. Carey by 247.3% in the second quarter. HB Wealth Management LLC now owns 12,419 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 8,843 shares during the last quarter. SG Americas Securities LLC lifted its position in W. P. Carey by 41.9% in the third quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock valued at $9,742,000 after buying an additional 46,181 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in W. P. Carey by 69.5% in the second quarter. EverSource Wealth Advisors LLC now owns 22,819 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 9,353 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in W. P. Carey by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 456,149 shares of the real estate investment trust’s stock valued at $25,749,000 after buying an additional 9,324 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in W. P. Carey by 9.8% in the second quarter. QRG Capital Management Inc. now owns 108,156 shares of the real estate investment trust’s stock valued at $5,954,000 after buying an additional 9,619 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their price target on shares of W. P. Carey from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company reiterated an “equal weight” rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Scotiabank cut their price target on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Friday, June 21st. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.25.

Insider Buying and Selling at W. P. Carey

In related news, Director Mark A. Alexander purchased 3,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $55.87 per share, for a total transaction of $195,545.00. Following the completion of the purchase, the director now directly owns 38,124 shares of the company’s stock, valued at approximately $2,129,987.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is currently owned by insiders.

W. P. Carey Stock Up 0.6 %

WPC stock opened at $59.93 on Thursday. The company’s 50 day moving average price is $60.40 and its 200 day moving average price is $58.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. W. P. Carey Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $67.40. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.11 and a beta of 0.94.

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

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.875 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a yield of 5.84%. The ex-dividend date was Monday, September 30th. W. P. Carey’s dividend payout ratio is currently 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.