Kingswood Wealth Advisors LLC Takes Position in W. P. Carey Inc. (NYSE:WPC)

Kingswood Wealth Advisors LLC bought a new stake in shares of W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,285 shares of the real estate investment trust’s stock, valued at approximately $537,000.

Several other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. acquired a new stake in shares of W. P. Carey during the 4th quarter valued at about $11,681,000. Prairiewood Capital LLC boosted its position in shares of W. P. Carey by 16.7% during the 4th quarter. Prairiewood Capital LLC now owns 54,237 shares of the real estate investment trust’s stock valued at $3,515,000 after acquiring an additional 7,768 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of W. P. Carey during the 4th quarter valued at about $218,000. FNY Investment Advisers LLC acquired a new stake in shares of W. P. Carey during the 4th quarter valued at about $32,000. Finally, SG Americas Securities LLC boosted its position in shares of W. P. Carey by 1,053.9% during the 4th quarter. SG Americas Securities LLC now owns 78,350 shares of the real estate investment trust’s stock valued at $5,078,000 after acquiring an additional 71,560 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W. P. Carey Trading Up 0.7 %

WPC opened at $55.98 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.44 and a beta of 0.86. The firm has a 50 day simple moving average of $58.49 and a 200 day simple moving average of $59.17. W. P. Carey Inc. has a fifty-two week low of $51.36 and a fifty-two week high of $78.23.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. The firm had revenue of $410.38 million during the quarter, compared to analysts’ expectations of $413.04 million. W. P. Carey had a net margin of 40.68% and a return on equity of 7.78%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 earnings per share. On average, sell-side analysts anticipate that W. P. Carey Inc. will post 4.57 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.865 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date is Wednesday, March 27th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s dividend payout ratio (DPR) is currently 104.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Wells Fargo & Company dropped their target price on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 20th. Scotiabank dropped their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. Barclays assumed coverage on shares of W. P. Carey in a research note on Wednesday. They issued an “equal weight” rating and a $40.00 target price for the company. Finally, StockNews.com began coverage on shares of W. P. Carey in a research note on Thursday, January 4th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.36.

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.