U.S. Capital Wealth Advisors LLC Purchases New Position in W. P. Carey Inc. (NYSE:WPC)

U.S. Capital Wealth Advisors LLC bought a new position in W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,363 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other institutional investors have also recently made changes to their positions in the company. Central Bank & Trust Co. bought a new stake in W. P. Carey during the 4th quarter valued at $28,000. FNY Investment Advisers LLC bought a new position in W. P. Carey in the fourth quarter worth about $32,000. Covestor Ltd lifted its position in shares of W. P. Carey by 316.5% during the third quarter. Covestor Ltd now owns 783 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 595 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of W. P. Carey in the 3rd quarter worth approximately $45,000. Finally, Provence Wealth Management Group acquired a new stake in W. P. Carey in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Down 1.7 %

NYSE WPC opened at $56.76 on Thursday. The company has a fifty day moving average of $56.01 and a 200 day moving average of $58.95. The company has a market capitalization of $12.42 billion, a PE ratio of 21.58, a P/E/G ratio of 0.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $73.38.

W. P. Carey (NYSE:WPC) last issued its earnings results on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. W. P. Carey had a return on equity of 6.41% and a net margin of 33.65%. The firm had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that W. P. Carey Inc. will post 4.53 earnings per share for the current year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.865 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 dividend on an annualized basis and a yield of 6.10%. W. P. Carey’s dividend payout ratio is 131.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WPC shares. Raymond James cut W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Wells Fargo & Company dropped their price target on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 20th. Barclays began coverage on shares of W. P. Carey in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, Scotiabank decreased their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, W. P. Carey presently has a consensus rating of “Hold” and a consensus target price of $63.18.

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.