Aurora Private Wealth Inc. Sells 192 Shares of W. P. Carey Inc. (NYSE:WPC)

Aurora Private Wealth Inc. trimmed its position in shares of W. P. Carey Inc. (NYSE:WPC) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,454 shares of the real estate investment trust’s stock after selling 192 shares during the quarter. Aurora Private Wealth Inc.’s holdings in W. P. Carey were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Equity Investment Corp grew its stake in W. P. Carey by 0.7% during the third quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after buying an additional 9,610 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of W. P. Carey by 41.9% during the third quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock worth $9,742,000 after purchasing an additional 46,181 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of W. P. Carey during the third quarter worth approximately $1,692,000. abrdn plc lifted its position in shares of W. P. Carey by 9.9% during the third quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock worth $6,396,000 after purchasing an additional 9,229 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of W. P. Carey by 82.9% during the third quarter. Sequoia Financial Advisors LLC now owns 146,900 shares of the real estate investment trust’s stock worth $9,152,000 after purchasing an additional 66,577 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W. P. Carey Trading Up 0.8 %

WPC opened at $55.24 on Monday. The firm’s fifty day moving average is $55.53 and its two-hundred day moving average is $57.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.81. The firm has a market cap of $12.09 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. Equities research analysts anticipate that W. P. Carey Inc. will post 4.49 EPS for the current year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is 138.58%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WPC. Scotiabank reduced their target price on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. UBS Group reduced their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Barclays reiterated an “underweight” rating and set a $59.00 target price (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.43.

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.