Applied Capital LLC FL Acquires 1,037 Shares of W. P. Carey Inc. (NYSE:WPC)

Applied Capital LLC FL lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,228 shares of the real estate investment trust’s stock after acquiring an additional 1,037 shares during the period. Applied Capital LLC FL’s holdings in W. P. Carey were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WPC. Massmutual Trust Co. FSB ADV grew its position in shares of W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 172 shares during the period. Harbour Investments Inc. lifted its stake in shares of W. P. Carey by 5.9% during the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 203 shares in the last quarter. Creative Planning lifted its stake in W. P. Carey by 0.3% in the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock worth $4,031,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC lifted its stake in W. P. Carey by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 212 shares in the last quarter. Finally, Demars Financial Group LLC lifted its stake in W. P. Carey by 2.2% in the 3rd quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 216 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $55.24 on Friday. 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 Inc. has a 12-month low of $52.91 and a 12-month high of $64.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $55.53 and its two-hundred day simple moving average is $57.85.

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

W. P. Carey Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 6.37%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is currently 138.58%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Barclays reaffirmed an “underweight” rating and set a $59.00 target price (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. 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 report on Thursday, January 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 target price (up previously from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Finally, 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 report on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.43.

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.