EverSource Wealth Advisors LLC Has $1.32 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

EverSource Wealth Advisors LLC boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,247 shares of the real estate investment trust’s stock after buying an additional 570 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in W. P. Carey were worth $1,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. National Pension Service acquired a new position in shares of W. P. Carey in the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of W. P. Carey in the 4th quarter valued at $37,000. RPg Family Wealth Advisory LLC acquired a new position in shares of W. P. Carey in the 3rd quarter valued at $44,000. Plato Investment Management Ltd acquired a new position in shares of W. P. Carey in the 4th quarter valued at $48,000. Finally, Roxbury Financial LLC acquired a new position in shares of W. P. Carey in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Down 1.6 %

Shares of NYSE:WPC opened at $61.97 on Thursday. The company’s 50-day moving average price is $58.12 and its two-hundred day moving average price is $58.25. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The stock has a market capitalization of $13.56 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

Analyst Ratings Changes

Several brokerages have recently issued reports on WPC. Royal Bank of Canada boosted their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. UBS Group reduced their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Barclays upped their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.75.

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.