Geneos Wealth Management Inc. Decreases Stake in W. P. Carey Inc. (NYSE:WPC)

Geneos Wealth Management Inc. decreased its stake in W. P. Carey Inc. (NYSE:WPC) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,127 shares of the real estate investment trust’s stock after selling 197 shares during the period. Geneos Wealth Management Inc.’s holdings in W. P. Carey were worth $933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of W. P. Carey by 175.9% during the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 357 shares in the last quarter. Maia Wealth LLC acquired a new position in W. P. Carey during the third quarter worth $40,000. Massmutual Trust Co. FSB ADV boosted its position in W. P. Carey by 35.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $56.96 on Tuesday. The company has a market cap of $12.47 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.00 and a beta of 0.97. The business has a fifty day simple moving average of $55.54 and a 200-day simple moving average of $57.86. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $64.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The company had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. During the same period in the prior year, the company earned $1.32 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts forecast that W. P. Carey Inc. will post 4.49 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 6.18%. W. P. Carey’s dividend payout ratio is 138.58%.

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.