Capital Square LLC Has $3.18 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

Capital Square LLC grew its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 14.2% during the third quarter, HoldingsChannel.com reports. The fund owned 50,999 shares of the real estate investment trust’s stock after buying an additional 6,330 shares during the quarter. W. P. Carey accounts for about 1.9% of Capital Square LLC’s portfolio, making the stock its 9th biggest position. Capital Square LLC’s holdings in W. P. Carey were worth $3,177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its holdings in W. P. Carey by 93.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 479 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 231 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in W. P. Carey by 1,510.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 453 shares in the last quarter. Quarry LP increased its stake in W. P. Carey by 175.9% in the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 357 shares during the last quarter. Lynx Investment Advisory purchased a new stake in W. P. Carey during the second quarter valued at $34,000. Finally, EdgeRock Capital LLC bought a new position in shares of W. P. Carey in the 2nd quarter valued at about $39,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WPC has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Barclays lifted their price objective on shares of W. P. Carey from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Scotiabank reduced their target price 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. UBS Group lowered their target price 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. Finally, Evercore ISI upped their price target on shares of W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.88.

W. P. Carey Trading Up 0.2 %

WPC stock traded up $0.12 during mid-day trading on Monday, reaching $57.22. The company had a trading volume of 77,241 shares, compared to its average volume of 1,202,630. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day moving average of $58.95 and a 200 day moving average of $58.23. The company has a market capitalization of $12.52 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 12 month low of $53.09 and a 12 month high of $67.40.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data 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 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 revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 earnings per share. On average, equities analysts predict that W. P. Carey Inc. will post 4.52 earnings per share 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. Stockholders of record on Monday, September 30th were given a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 6.12%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Monday, September 30th. W. P. Carey’s payout ratio is presently 137.80%.

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.