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

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

Other institutional investors have also modified their holdings of the company. Quarry LP raised its stake in shares of W. P. Carey by 175.9% during the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 357 shares during the last quarter. Maia Wealth LLC purchased a new position in shares of W. P. Carey during the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV raised its stake in shares of W. P. Carey by 35.9% during 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 buying an additional 172 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of W. P. Carey by 2,374.1% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of W. P. Carey by 962.5% during the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WPC shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $63.00 price objective (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. 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 note on Tuesday, December 17th. Scotiabank cut 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. Finally, UBS Group cut 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.43.

W. P. Carey Trading Up 0.5 %

WPC stock opened at $55.81 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. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.42. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.97 and a beta of 0.97. The business’s 50-day moving average is $55.51 and its 200 day moving average is $57.82.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (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 analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. On average, sell-side analysts anticipate that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s payout ratio is currently 138.58%.

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.