Kingsview Wealth Management LLC Has $281,000 Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Kingsview Wealth Management LLC grew its holdings in shares of W. P. Carey Inc. (NYSE:WPCFree Report) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,189 shares of the real estate investment trust’s stock after acquiring an additional 804 shares during the period. Kingsview Wealth Management LLC’s holdings in W. P. Carey were worth $281,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of W. P. Carey by 20.6% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 786 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 134 shares in the last quarter. Arbor Capital Management Inc. ADV grew its holdings in shares of W. P. Carey by 1.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 9,465 shares of the real estate investment trust’s stock valued at $706,000 after buying an additional 143 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in W. P. Carey by 3.2% in the second quarter. Joel Isaacson & Co. LLC now owns 4,885 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 150 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in W. P. Carey by 1.8% in the second quarter. Capital Investment Advisory Services LLC now owns 9,004 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 156 shares during the last quarter. Finally, Family Legacy Inc. raised its position in W. P. Carey by 1.9% in the second quarter. Family Legacy Inc. now owns 8,500 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 161 shares during the period. 62.62% of the stock is currently owned by institutional investors and hedge funds.

W. P. Carey Trading Up 0.4 %

Shares of NYSE:WPC opened at $60.91 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 7.59 and a beta of 0.89. W. P. Carey Inc. has a 1-year low of $51.36 and a 1-year high of $85.36. The company has a 50 day moving average price of $64.37 and a 200 day moving average price of $61.51.

W. P. Carey Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, December 28th. W. P. Carey’s dividend payout ratio is presently 94.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James lifted their price objective on shares of W. P. Carey from $63.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. JMP Securities cut shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Finally, StockNews.com assumed coverage on shares of W. P. Carey in a research report on Thursday, January 4th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.60.

Read Our Latest Analysis on W. P. Carey

W. P. Carey Company Profile

(Free Report)

Celebrating its 50th anniversary, 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 1,413 net lease properties covering approximately 171 million square feet and a portfolio of 86 self-storage operating properties, pro forma for the Spin-Off of NLOP, as of September 30, 2023.

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

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