W. P. Carey Inc. (NYSE:WPC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in W. P. Carey Inc. (NYSE:WPC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,530 shares of the real estate investment trust’s stock after selling 1,957 shares during the period. Hantz Financial Services Inc.’s holdings in W. P. Carey were worth $2,535,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Forsta AP Fonden grew its stake in shares of W. P. Carey by 2.5% in the fourth quarter. Forsta AP Fonden now owns 91,300 shares of the real estate investment trust’s stock valued at $4,974,000 after buying an additional 2,200 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in W. P. Carey by 23.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 500,063 shares of the real estate investment trust’s stock worth $27,243,000 after acquiring an additional 94,255 shares during the period. Blue Trust Inc. grew its position in W. P. Carey by 115.0% in the fourth quarter. Blue Trust Inc. now owns 3,352 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 1,793 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of W. P. Carey by 116.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,661 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 5,191 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of W. P. Carey by 53.9% in the fourth quarter. PFG Investments LLC now owns 12,412 shares of the real estate investment trust’s stock valued at $676,000 after purchasing an additional 4,346 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WPC shares. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. Barclays reaffirmed 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. Scotiabank reduced their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Finally, UBS Group dropped their price objective on 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 given a buy rating to the company’s stock. According to MarketBeat.com, W. P. Carey has a consensus rating of “Hold” and an average target price of $62.43.

W. P. Carey Price Performance

Shares of NYSE WPC opened at $55.62 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26. The business has a 50 day simple moving average of $55.46 and a 200-day simple moving average of $57.80.

W. P. Carey (NYSE:WPC) last issued 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). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. During the same period last year, the company posted $1.32 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts expect that W. P. Carey Inc. will post 4.49 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 6.33%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 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.