XML Financial LLC Boosts Position in W. P. Carey Inc. (NYSE:WPC)

XML Financial LLC raised its holdings in W. P. Carey Inc. (NYSE:WPC) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,817 shares of the real estate investment trust’s stock after purchasing an additional 1,684 shares during the quarter. XML Financial LLC’s holdings in W. P. Carey were worth $2,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its holdings in shares of W. P. Carey by 35.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 172 shares in the last quarter. Catalytic Wealth RIA LLC grew its stake in 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 valued at $222,000 after acquiring an additional 198 shares in the last quarter. Kowal Investment Group LLC raised its holdings in 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 valued at $334,000 after acquiring an additional 199 shares during the last quarter. Creative Planning lifted 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 worth $4,031,000 after purchasing an additional 207 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of W. P. Carey by 9.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WPC. 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 research report on Thursday, October 10th. Evercore ISI boosted their price target on shares of W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Scotiabank cut their price objective on shares of 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Finally, UBS Group increased their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, W. P. Carey presently has an average rating of “Hold” and an average price target of $63.25.

W. P. Carey Stock Performance

Shares of WPC stock opened at $56.73 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $12.42 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.03 and a beta of 0.95. The firm’s 50 day moving average price is $60.04 and its 200-day moving average price is $58.22. W. P. Carey Inc. has a one year low of $53.01 and a one year high of $67.40.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts predict that W. P. Carey Inc. will post 4.52 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.875 dividend. This is a positive change 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 dividend yield of 6.17%. W. P. Carey’s dividend payout ratio (DPR) is presently 137.80%.

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.