Arkadios Wealth Advisors Buys 504 Shares of W.P. Carey Inc. $WPC

Arkadios Wealth Advisors grew its stake in W.P. Carey Inc. (NYSE:WPC) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,945 shares of the real estate investment trust’s stock after purchasing an additional 504 shares during the period. Arkadios Wealth Advisors’ holdings in W.P. Carey were worth $2,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey in the first quarter valued at about $26,000. TCTC Holdings LLC increased its stake in W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 242 shares during the period. Cheviot Value Management LLC acquired a new position in W.P. Carey in the 1st quarter valued at approximately $37,000. V Square Quantitative Management LLC bought a new stake in shares of W.P. Carey in the 2nd quarter worth approximately $40,000. Finally, REAP Financial Group LLC lifted its position in shares of W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 238 shares during the period. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the subject of a number of recent research reports. Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Scotiabank increased their price objective on shares of W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Barclays raised their price objective on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a report on Monday, October 20th. UBS Group raised their price objective on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.89.

W.P. Carey Trading Down 1.3%

WPC stock opened at $65.39 on Friday. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The firm has a market cap of $14.32 billion, a P/E ratio of 39.63, a P/E/G ratio of 9.57 and a beta of 0.81. The business’s 50 day moving average is $67.46 and its 200-day moving average is $64.44. The company has a current ratio of 0.25, a quick ratio of 0.19 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The company had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Equities analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s dividend payout ratio (DPR) is presently 220.61%.

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.