W.P. Carey Inc. $WPC Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in W.P. Carey Inc. (NYSE:WPC) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,703 shares of the real estate investment trust’s stock after buying an additional 1,809 shares during the quarter. Wealthfront Advisers LLC’s holdings in W.P. Carey were worth $6,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC lifted its stake in shares of W.P. Carey by 25.9% in the second quarter. Focus Partners Advisor Solutions LLC now owns 12,681 shares of the real estate investment trust’s stock worth $791,000 after acquiring an additional 2,612 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of W.P. Carey by 14.7% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,813 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 233 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of W.P. Carey by 5.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 463,714 shares of the real estate investment trust’s stock valued at $28,926,000 after buying an additional 24,368 shares during the last quarter. Carnegie Investment Counsel grew its position in shares of W.P. Carey by 17.1% during the second quarter. Carnegie Investment Counsel now owns 190,795 shares of the real estate investment trust’s stock worth $11,902,000 after buying an additional 27,882 shares in the last quarter. Finally, Ethic Inc. increased its stake in shares of W.P. Carey by 136.9% in the second quarter. Ethic Inc. now owns 17,292 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 9,993 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Down 0.1%

NYSE:WPC opened at $66.74 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average of $67.47 and a 200-day moving average of $64.30. The firm has a market capitalization of $14.62 billion, a PE ratio of 43.91, a price-to-earnings-growth ratio of 9.66 and a beta of 0.81. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.79.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.05. The business had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.91 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio is 239.47%.

Analyst Ratings Changes

Several research analysts have weighed in on WPC shares. Royal Bank Of Canada raised their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays lifted their price target on W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Evercore ISI increased their target price on W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, UBS Group boosted their price target on W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.44.

W.P. Carey Profile

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.