Winch Advisory Services LLC Takes $69,000 Position in W. P. Carey Inc. (NYSE:WPC)

Winch Advisory Services LLC purchased a new position in W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,268 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC grew its position in shares of W. P. Carey by 9.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,443 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 560 shares during the last quarter. Signet Financial Management LLC purchased a new position in W. P. Carey during the 4th quarter valued at $1,942,000. Cooper Financial Group raised its holdings in W. P. Carey by 2.4% in the 4th quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 276 shares in the last quarter. Adams Asset Advisors LLC lifted its position in shares of W. P. Carey by 38.4% in the 4th quarter. Adams Asset Advisors LLC now owns 59,666 shares of the real estate investment trust’s stock worth $3,251,000 after purchasing an additional 16,540 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in shares of W. P. Carey during the 4th quarter valued at about $1,418,000. 73.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on WPC. Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. UBS Group dropped their price target on 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. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, Barclays reissued an “underweight” rating and set a $59.00 price objective (up previously from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.57.

W. P. Carey Trading Up 0.1 %

W. P. Carey stock opened at $54.30 on Thursday. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $67.17. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 0.97 and a beta of 0.97. The business’s fifty day simple moving average is $55.53 and its two-hundred day simple moving average is $57.81. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. As a group, equities analysts predict that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.88 dividend. This is a positive change 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 6.48%. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s payout ratio is presently 138.58%.

About W. P. Carey

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.