Wealthcare Advisory Partners LLC Cuts Position in W. P. Carey Inc. (NYSE:WPC)

Wealthcare Advisory Partners LLC reduced its position in shares of W. P. Carey Inc. (NYSE:WPC) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,148 shares of the real estate investment trust’s stock after selling 2,208 shares during the period. Wealthcare Advisory Partners LLC’s holdings in W. P. Carey were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

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

W. P. Carey Stock Up 0.5 %

WPC stock opened at $55.81 on Friday. The stock has a market cap of $12.21 billion, a P/E ratio of 21.97, a PEG ratio of 0.97 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.42. The company’s 50 day moving average is $55.51 and its two-hundred day moving average is $57.82.

W. P. Carey (NYSE:WPC) last announced 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). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The company had revenue of $394.78 million during the quarter, compared to analysts’ expectations of $377.43 million. During the same period last year, the firm earned $1.32 earnings per share. W. P. Carey’s revenue was down 11.9% on a year-over-year basis. Research analysts expect that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.88 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio is presently 138.58%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group cut their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Scotiabank cut their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. Barclays restated an “underweight” rating and set a $59.00 target price (up from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $63.00 price target (up previously from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.43.

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.