Captrust Financial Advisors Cuts Position in W. P. Carey Inc. (NYSE:WPC)

Captrust Financial Advisors lessened its stake in W. P. Carey Inc. (NYSE:WPC) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,342 shares of the real estate investment trust’s stock after selling 195 shares during the quarter. Captrust Financial Advisors’ holdings in W. P. Carey were worth $1,054,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RFG Advisory LLC increased its holdings in shares of W. P. Carey by 91.7% in the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 3,049 shares in the last quarter. Sei Investments Co. increased its holdings in shares of W. P. Carey by 17.1% in the 4th quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust’s stock valued at $3,056,000 after purchasing an additional 8,197 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of W. P. Carey by 60.7% in the 4th quarter. Arkadios Wealth Advisors now owns 30,391 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 11,478 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of W. P. Carey by 116.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,661 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 5,191 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of W. P. Carey by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust’s stock valued at $256,201,000 after purchasing an additional 135,090 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

W. P. Carey stock opened at $61.24 on Friday. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The stock has a market capitalization of $13.41 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.06 and a beta of 0.78. The firm’s 50-day moving average is $60.97 and its two-hundred day moving average is $58.34. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98.

W. P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The company had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. During the same period in the prior year, the business posted $1.14 earnings per share. W. P. Carey’s revenue was up 5.3% on a year-over-year basis. Equities analysts predict that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.81%. W. P. Carey’s dividend payout ratio (DPR) is currently 183.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WPC shares. UBS Group dropped their target price on shares of W. P. Carey from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Scotiabank raised their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Barclays raised their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. Finally, Evercore ISI raised their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $108.88.

W. P. Carey 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.