Inspirion Wealth Advisors LLC Increases Holdings in W.P. Carey Inc. $WPC

Inspirion Wealth Advisors LLC grew its position in shares of W.P. Carey Inc. (NYSE:WPC) by 43.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,179 shares of the real estate investment trust’s stock after acquiring an additional 10,300 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in W.P. Carey were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of W.P. Carey in the second quarter worth $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in W.P. Carey in the second quarter worth about $40,000. REAP Financial Group LLC grew its stake in shares of W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of W.P. Carey during the 2nd quarter valued at about $43,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WPC shares. JPMorgan Chase & Co. lowered their price objective on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $69.00 price target on shares of W.P. Carey in a research report on Monday, December 8th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $72.00 in a research note on Thursday, September 11th. Evercore ISI reduced their price objective on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a research note on Monday. Finally, Barclays raised their target price on W.P. Carey from $66.00 to $67.00 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.50.

W.P. Carey Stock Performance

Shares of NYSE WPC opened at $65.76 on Tuesday. The firm has a fifty day moving average price of $66.87 and a 200-day moving average price of $65.66. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $14.41 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 6.08 and a beta of 0.78. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $69.79.

W.P. Carey (NYSE:WPC) last released its earnings results 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 company had revenue of $431.30 million for the quarter, compared to analysts’ expectations of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. W.P. Carey’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, December 31st. W.P. Carey’s dividend payout ratio is currently 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.