Arkadios Wealth Advisors Boosts Position in W. P. Carey Inc. (NYSE:WPC)

Arkadios Wealth Advisors boosted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,391 shares of the real estate investment trust’s stock after acquiring an additional 11,478 shares during the quarter. Arkadios Wealth Advisors’ holdings in W. P. Carey were worth $1,656,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WPC. American Century Companies Inc. increased its position in W. P. Carey by 8.1% during the second quarter. American Century Companies Inc. now owns 63,802 shares of the real estate investment trust’s stock valued at $3,512,000 after acquiring an additional 4,766 shares during the last quarter. Federated Hermes Inc. increased its position in W. P. Carey by 18.5% in the second quarter. Federated Hermes Inc. now owns 25,543 shares of the real estate investment trust’s stock worth $1,406,000 after buying an additional 3,987 shares in the last quarter. Dimensional Fund Advisors LP increased its position in W. P. Carey by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,152,879 shares of the real estate investment trust’s stock worth $173,570,000 after buying an additional 204,064 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in W. P. Carey by 8.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 100,505 shares of the real estate investment trust’s stock worth $5,533,000 after buying an additional 8,048 shares in the last quarter. Finally, Tredje AP fonden purchased a new stake in W. P. Carey in the second quarter worth about $1,870,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 0.5 %

W. P. Carey stock opened at $55.81 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 stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.97 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.42. The business has a fifty day moving average price of $55.51 and a 200-day moving average price of $57.82.

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). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The firm had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. During the same period in the prior year, the firm posted $1.32 EPS. The business’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts forecast that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given 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 yield of 6.31%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is currently 138.58%.

Wall Street Analyst Weigh In

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

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.