Inspire Advisors LLC Sells 1,680 Shares of W. P. Carey Inc. (NYSE:WPC)

Inspire Advisors LLC trimmed its holdings in W. P. Carey Inc. (NYSE:WPC) by 22.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,708 shares of the real estate investment trust’s stock after selling 1,680 shares during the period. Inspire Advisors LLC’s holdings in W. P. Carey were worth $311,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Independent Advisor Alliance increased its position in shares of W. P. Carey by 15.4% during the 4th quarter. Independent Advisor Alliance now owns 10,337 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 1,381 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of W. P. Carey by 33.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,715 shares of the real estate investment trust’s stock valued at $6,794,000 after purchasing an additional 31,427 shares during the last quarter. Axis Wealth Partners LLC purchased a new stake in shares of W. P. Carey during the 4th quarter valued at about $468,000. Pillar Financial Advisors LLC purchased a new stake in shares of W. P. Carey during the 4th quarter valued at about $81,000. Finally, Amundi increased its position in shares of W. P. Carey by 4.0% during the 4th quarter. Amundi now owns 271,703 shares of the real estate investment trust’s stock valued at $14,884,000 after purchasing an additional 10,365 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WPC. Scotiabank upped their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday. Barclays upped their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, W. P. Carey presently has a consensus rating of “Hold” and an average target price of $63.75.

W. P. Carey Stock Down 1.6 %

Shares of WPC opened at $61.97 on Thursday. The company has a market cap of $13.56 billion, a PE ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95. The business has a fifty day moving average of $58.12 and a 200 day moving average of $58.25. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95.

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.