Atria Investments Inc Buys 2,597 Shares of W.P. Carey Inc. $WPC

Atria Investments Inc grew its position in W.P. Carey Inc. (NYSE:WPC) by 22.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,340 shares of the real estate investment trust’s stock after acquiring an additional 2,597 shares during the period. Atria Investments Inc’s holdings in W.P. Carey were worth $895,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of W.P. Carey by 4.6% in the first quarter. Envestnet Asset Management Inc. now owns 606,427 shares of the real estate investment trust’s stock worth $38,272,000 after acquiring an additional 26,665 shares during the period. Ethos Financial Group LLC acquired a new stake in W.P. Carey during the 1st quarter valued at approximately $372,000. Stratos Wealth Partners LTD. raised its holdings in W.P. Carey by 7.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 11,503 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 802 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in shares of W.P. Carey by 23.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 76,348 shares of the real estate investment trust’s stock worth $4,818,000 after purchasing an additional 14,702 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of W.P. Carey in the 1st quarter valued at $4,605,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Royal Bank Of Canada increased their price target on W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company raised W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. UBS Group upped their target price on W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Finally, Scotiabank lifted their target price on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.89.

W.P. Carey Stock Performance

Shares of WPC stock opened at $67.35 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.19 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $67.45 and a two-hundred day simple moving average of $64.65. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.79. The firm has a market capitalization of $14.76 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 9.57 and a beta of 0.81.

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 analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s payout ratio is presently 220.61%.

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.