McGlone Suttner Wealth Management Inc. Has $407,000 Holdings in W. P. Carey Inc. (NYSE:WPC)

McGlone Suttner Wealth Management Inc. lowered its position in W. P. Carey Inc. (NYSE:WPC) by 22.3% during the fourth quarter, Holdings Channel reports. The firm owned 7,467 shares of the real estate investment trust’s stock after selling 2,148 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in W. P. Carey were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WPC. American Century Companies Inc. raised its position in shares of W. P. Carey by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 63,802 shares of the real estate investment trust’s stock worth $3,512,000 after acquiring an additional 4,766 shares in the last quarter. AE Wealth Management LLC lifted its stake in W. P. Carey by 20.0% in the second quarter. AE Wealth Management LLC now owns 9,778 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 1,631 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of W. P. Carey by 33.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 94,838 shares of the real estate investment trust’s stock worth $5,221,000 after buying an additional 23,568 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of W. P. Carey by 56.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 112,330 shares of the real estate investment trust’s stock valued at $6,184,000 after acquiring an additional 40,710 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of W. P. Carey by 4.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 21,960 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 924 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W. P. Carey Trading Down 0.6 %

NYSE WPC opened at $54.83 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $55.54 and a 200 day simple moving average of $57.82. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $65.76. The firm has a market capitalization of $12.00 billion, a P/E ratio of 21.59, a PEG ratio of 1.03 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $394.78 million during the quarter, compared to analysts’ expectations of $377.43 million. During the same quarter in the prior year, the company earned $1.32 EPS. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts predict that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is presently 138.58%.

Wall Street Analyst Weigh In

WPC has been the subject of a number of research reports. UBS Group reduced their price target 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Barclays restated an “underweight” rating and set a $59.00 price objective (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Finally, Scotiabank reduced their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.43.

About W. P. Carey

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.