W.P. Carey Inc. $WPC Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in W.P. Carey Inc. (NYSE:WPC) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,660 shares of the real estate investment trust’s stock after selling 8,383 shares during the period. Cetera Investment Advisers’ holdings in W.P. Carey were worth $17,320,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Andra AP fonden grew its holdings in shares of W.P. Carey by 27.9% during the second quarter. Andra AP fonden now owns 160,700 shares of the real estate investment trust’s stock worth $10,024,000 after purchasing an additional 35,100 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of W.P. Carey in the 1st quarter valued at about $372,000. New Age Alpha Advisors LLC boosted 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 valued at $4,818,000 after purchasing an additional 14,702 shares during the period. Jump Financial LLC purchased a new position in W.P. Carey during the 1st quarter worth approximately $4,605,000. Finally, Resona Asset Management Co. Ltd. increased its position in W.P. Carey by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 129,356 shares of the real estate investment trust’s stock worth $8,124,000 after buying an additional 9,794 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W.P. Carey Price Performance

W.P. Carey stock opened at $66.86 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.19. The business has a 50 day simple moving average of $67.47 and a 200-day simple moving average of $64.98. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $69.79. The stock has a market capitalization of $14.65 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 9.57 and a beta of 0.80.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The company had revenue of $431.30 million for the quarter, compared to analysts’ expectations of $424.44 million. During the same period in the previous year, the company posted $1.18 EPS. W.P. Carey’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 predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

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

Analyst Ratings Changes

WPC has been the subject of several research analyst reports. Scotiabank increased their price objective on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. UBS Group upped their target price on shares of W.P. Carey from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Wells Fargo & Company raised W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Three investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.89.

W.P. Carey Company 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.