Cwm LLC Sells 3,845 Shares of W. P. Carey Inc. (NYSE:WPC)

Cwm LLC lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,219 shares of the real estate investment trust’s stock after selling 3,845 shares during the period. Cwm LLC’s holdings in W. P. Carey were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WPC. Raleigh Capital Management Inc. grew its holdings in shares of W. P. Carey by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,053 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 191 shares in the last quarter. Gradient Capital Advisors LLC grew its holdings in shares of W. P. Carey by 0.6% during the 4th quarter. Gradient Capital Advisors LLC now owns 34,180 shares of the real estate investment trust’s stock worth $2,215,000 after purchasing an additional 199 shares in the last quarter. Capital Planning Advisors LLC grew its holdings in shares of W. P. Carey by 5.5% during the 3rd quarter. Capital Planning Advisors LLC now owns 3,953 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 207 shares in the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of W. P. Carey by 4.7% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 4,881 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 221 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of W. P. Carey by 4.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 5,058 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

W. P. Carey stock opened at $55.00 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.04 billion, a PE ratio of 16.67, a P/E/G ratio of 0.45 and a beta of 0.86. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $74.66. The stock has a 50-day moving average price of $56.04 and a two-hundred day moving average price of $58.79.

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

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.865 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.29%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, March 27th. W. P. Carey’s dividend payout ratio (DPR) is 104.85%.

Analyst Upgrades and Downgrades

WPC has been the topic of several analyst reports. Scotiabank reduced their target price on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Barclays began coverage on W. P. Carey in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Wells Fargo & Company reduced their price objective on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 20th. Finally, StockNews.com began coverage on W. P. Carey in a research note on Thursday, January 4th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.