LexAurum Advisors LLC Has $250,000 Holdings in W. P. Carey Inc. (NYSE:WPC)

LexAurum Advisors LLC cut its position in shares of W. P. Carey Inc. (NYSE:WPC) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,014 shares of the real estate investment trust’s stock after selling 450 shares during the period. LexAurum Advisors LLC’s holdings in W. P. Carey were worth $250,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WPC. Vanguard Group Inc. lifted its stake in W. P. Carey by 0.6% in the first quarter. Vanguard Group Inc. now owns 30,971,062 shares of the real estate investment trust’s stock valued at $1,748,007,000 after acquiring an additional 187,022 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of W. P. Carey by 22.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust’s stock valued at $178,401,000 after purchasing an additional 588,636 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of W. P. Carey by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,152,879 shares of the real estate investment trust’s stock valued at $173,570,000 after purchasing an additional 204,064 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in W. P. Carey by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 2,524,490 shares of the real estate investment trust’s stock worth $138,973,000 after purchasing an additional 7,549 shares in the last quarter. Finally, PGGM Investments increased its position in W. P. Carey by 18.5% during the second quarter. PGGM Investments now owns 2,498,975 shares of the real estate investment trust’s stock worth $137,569,000 after buying an additional 389,853 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Performance

NYSE:WPC opened at $60.00 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. The firm’s 50-day moving average is $60.45 and its 200-day moving average is $58.00. W. P. Carey Inc. has a 52-week low of $51.60 and a 52-week high of $67.40. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.11 and a beta of 0.94.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $381.39 million. During the same period last year, the company earned $1.36 EPS. The company’s revenue was down 13.9% on a year-over-year basis. Equities research analysts anticipate that W. P. Carey Inc. will post 4.52 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 5.83%. The ex-dividend date was Monday, September 30th. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s payout ratio is 133.08%.

Wall Street Analyst Weigh In

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

Insider Activity

In other W. P. Carey news, Director Mark A. Alexander bought 3,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $55.87 per share, for a total transaction of $195,545.00. Following the transaction, the director now owns 38,124 shares in the company, valued at approximately $2,129,987.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

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.