EverSource Wealth Advisors LLC Acquires 570 Shares of W. P. Carey Inc. (NYSE:WPC)

EverSource Wealth Advisors LLC boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,247 shares of the real estate investment trust’s stock after purchasing an additional 570 shares during the period. EverSource Wealth Advisors LLC’s holdings in W. P. Carey were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in shares of W. P. Carey in the fourth quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. bought a new position in shares of W. P. Carey in the fourth quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of W. P. Carey in the third quarter valued at approximately $44,000. Plato Investment Management Ltd bought a new position in shares of W. P. Carey in the fourth quarter valued at approximately $48,000. Finally, Roxbury Financial LLC bought a new position in shares of W. P. Carey in the fourth quarter valued at approximately $58,000. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

WPC opened at $61.97 on Thursday. The company has a fifty day moving average price of $58.12 and a two-hundred day moving average price of $58.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $66.10. The firm has a market capitalization of $13.56 billion, a PE ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays lifted their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada boosted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group dropped their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, W. P. Carey presently has an average rating of “Hold” and an average target price of $63.75.

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.