Jackson Wealth Management LLC Buys 801 Shares of W. P. Carey Inc. (NYSE:WPC)

Jackson Wealth Management LLC grew its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 17.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,384 shares of the real estate investment trust’s stock after acquiring an additional 801 shares during the quarter. Jackson Wealth Management LLC’s holdings in W. P. Carey were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WPC. Goldman Sachs Group Inc. grew its position in shares of W. P. Carey by 15.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 308,057 shares of the real estate investment trust’s stock valued at $19,965,000 after buying an additional 42,239 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in W. P. Carey in the first quarter worth $1,038,000. Riverview Trust Co purchased a new stake in W. P. Carey in the first quarter worth $28,000. GoalVest Advisory LLC boosted its holdings in shares of W. P. Carey by 409.7% in the first quarter. GoalVest Advisory LLC now owns 3,221 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 2,589 shares during the period. Finally, Janiczek Wealth Management LLC boosted its stake in W. P. Carey by 30.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,263 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 296 shares during the period. 73.73% of the stock is currently owned by institutional investors.

Insider Transactions at W. P. Carey

In other W. P. Carey news, Director Mark A. Alexander acquired 3,500 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $55.87 per share, with a total value of $195,545.00. Following the purchase, the director now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WPC shares. Barclays lifted their price objective on W. P. Carey from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Royal Bank of Canada cut their price target on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. UBS Group increased their target price on W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI increased their price target on W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Scotiabank decreased their price target on 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. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, W. P. Carey has an average rating of “Hold” and a consensus price target of $63.25.

W. P. Carey Price Performance

WPC traded up $0.26 during midday trading on Thursday, reaching $59.29. 105,842 shares of the company’s stock were exchanged, compared to its average volume of 1,205,625. The business’s 50-day moving average price is $60.67 and its 200 day moving average price is $58.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $12.97 billion, a PE ratio of 22.44, a P/E/G ratio of 1.11 and a beta of 0.94. W. P. Carey Inc. has a 1-year low of $51.60 and a 1-year high of $67.40.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.47). W. P. Carey had a return on equity of 6.50% and a net margin of 34.83%. The business had revenue of $389.70 million for the quarter, compared to analysts’ expectations of $381.39 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. W. P. Carey’s quarterly revenue was down 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.875 per share. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date was Monday, September 30th. This represents a $3.50 annualized dividend and a yield of 5.90%. W. P. Carey’s dividend payout ratio (DPR) is presently 133.08%.

W. P. Carey 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.