W. P. Carey Inc. (NYSE:WPC) Shares Sold by TFG Advisers LLC

TFG Advisers LLC lowered its position in shares of W. P. Carey Inc. (NYSE:WPC) by 7.2% during the third quarter, Holdings Channel reports. The firm owned 23,157 shares of the real estate investment trust’s stock after selling 1,808 shares during the quarter. TFG Advisers LLC’s holdings in W. P. Carey were worth $1,443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in W. P. Carey by 35.9% in the 3rd 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 in the last quarter. Catalytic Wealth RIA LLC boosted its stake in shares of W. P. Carey by 5.2% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 4,033 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 198 shares in the last quarter. Kowal Investment Group LLC grew its holdings in shares of W. P. Carey by 3.4% in the 2nd quarter. Kowal Investment Group LLC now owns 6,070 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 199 shares during the period. Creative Planning increased its stake in W. P. Carey by 0.3% in the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after purchasing an additional 207 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in W. P. Carey by 6.2% during the first quarter. HB Wealth Management LLC now owns 3,576 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the topic of several research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 target price (up previously from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Barclays upped their target price on W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of W. P. Carey from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Scotiabank lowered their price target on W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group raised their price objective on W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, W. P. Carey currently has an average rating of “Hold” and an average price target of $63.25.

Insider Buying and Selling at W. P. Carey

In related news, Director Mark A. Alexander bought 3,500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $55.87 per share, with a total value of $195,545.00. Following the transaction, the director now owns 38,124 shares of the company’s stock, valued at approximately $2,129,987.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.08% of the stock is currently owned by insiders.

W. P. Carey Stock Down 0.1 %

NYSE:WPC traded down $0.05 during trading hours on Wednesday, hitting $59.00. The stock had a trading volume of 51,471 shares, compared to its average volume of 1,208,012. The company has a market cap of $12.91 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94. The business has a 50 day simple moving average of $60.63 and a two-hundred day simple moving average of $58.13. W. P. Carey Inc. has a 1-year low of $51.60 and a 1-year high of $67.40. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.94.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.47). W. P. Carey had a net margin of 34.83% and a return on equity of 6.50%. The firm had revenue of $389.70 million for the quarter, compared to analyst estimates of $381.39 million. During the same period in the previous year, the business posted $1.36 earnings per share. W. P. Carey’s revenue for the quarter was down 13.9% on a year-over-year basis. Analysts predict that W. P. Carey Inc. will post 4.52 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.875 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a yield of 5.93%. W. P. Carey’s dividend payout ratio is currently 133.08%.

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.