Presima Securities ULC Trims Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Presima Securities ULC trimmed its holdings in W. P. Carey Inc. (NYSE:WPCFree Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,300 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. W. P. Carey accounts for approximately 0.4% of Presima Securities ULC’s investment portfolio, making the stock its 29th biggest holding. Presima Securities ULC’s holdings in W. P. Carey were worth $1,760,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WPC. Massmutual Trust Co. FSB ADV raised its holdings in W. P. Carey by 35.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 172 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of W. P. Carey by 5.9% in the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 203 shares in the last quarter. Creative Planning lifted its holdings in W. P. Carey by 0.3% during the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock worth $4,031,000 after buying an additional 207 shares during the last quarter. GAMMA Investing LLC increased its stake in W. P. Carey by 9.5% in the third quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 212 shares during the last quarter. Finally, Demars Financial Group LLC boosted its stake in W. P. Carey by 2.2% in the third quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 216 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Up 0.8 %

NYSE:WPC opened at $55.24 on Friday. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.00 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.81. 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’s fifty day moving average price is $55.53 and its 200 day moving average price is $57.82.

W. P. Carey (NYSE:WPCGet Free Report) last announced its quarterly 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). The firm had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. On average, sell-side analysts forecast that W. P. Carey Inc. will post 4.49 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given 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 6.37%. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is currently 138.58%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Barclays reissued an “underweight” rating and issued a $59.00 price target (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Scotiabank dropped their target price 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, January 16th. 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.43.

Get Our Latest Analysis on W. P. Carey

W. P. Carey Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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