Fiduciary Alliance LLC Takes Position in W. P. Carey Inc. (NYSE:WPC)

Fiduciary Alliance LLC bought a new position in W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, Holdings Channel.com reports. The fund bought 26,034 shares of the real estate investment trust’s stock, valued at approximately $1,418,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPC. Quarry LP increased its holdings in shares of W. P. Carey by 175.9% in the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 357 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of W. P. Carey during the third quarter worth $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 valued at $41,000 after purchasing an additional 172 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of W. P. Carey by 2,374.1% in the 3rd 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 period. Finally, Fortitude Family Office LLC increased its stake in W. P. Carey by 962.5% in the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Performance

Shares of NYSE WPC opened at $53.57 on Tuesday. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $67.17. The business’s 50-day moving average price is $55.62 and its two-hundred day moving average price is $57.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $11.72 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released 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). The firm had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. Analysts anticipate that W. P. Carey Inc. will post 4.5 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 Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a yield of 6.57%. W. P. Carey’s dividend payout ratio is currently 138.58%.

Analysts Set New Price Targets

WPC has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed 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. Evercore ISI raised their price objective on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Friday. UBS Group decreased their target price on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Barclays reiterated an “underweight” rating and set a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.57.

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.