Inspirion Wealth Advisors LLC Reduces Position in W. P. Carey Inc. (NYSE:WPC)

Inspirion Wealth Advisors LLC lowered its position in W. P. Carey Inc. (NYSE:WPC) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,083 shares of the real estate investment trust’s stock after selling 4,096 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in W. P. Carey were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WPC. Quarry LP grew its holdings in shares of W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 357 shares during the last quarter. Maia Wealth LLC purchased a new position in W. P. Carey during the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV lifted its position in W. P. Carey by 35.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 172 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in W. P. Carey by 2,374.1% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 641 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in W. P. Carey by 962.5% during the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WPC. Wells Fargo & Company restated an “equal weight” rating and issued a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Barclays reaffirmed an “underweight” rating and set a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. Scotiabank reduced their price objective 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. UBS Group dropped 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, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.43.

W. P. Carey Stock Up 2.3 %

Shares of NYSE WPC opened at $55.55 on Friday. 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’s 50-day moving average is $55.53 and its two-hundred day moving average is $57.80. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.99. The company has a market capitalization of $12.16 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 0.97 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS 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 business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. Equities analysts anticipate that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.34%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is currently 138.58%.

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.