Inspire Investing LLC Reduces Stake in W. P. Carey Inc. (NYSE:WPC)

Inspire Investing LLC trimmed its position in shares of W. P. Carey Inc. (NYSE:WPC) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,935 shares of the real estate investment trust’s stock after selling 797 shares during the quarter. Inspire Investing LLC’s holdings in W. P. Carey were worth $1,304,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP raised its stake in shares of W. P. Carey by 175.9% during the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 357 shares during the last quarter. Maia Wealth LLC purchased a new position in W. P. Carey during the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV raised its position in 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 acquiring an additional 172 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 641 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Performance

NYSE WPC opened at $54.83 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $12.00 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. The business’s 50-day moving average price is $55.54 and its 200 day moving average price is $57.82. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $65.76.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company had revenue of $394.78 million for the quarter, compared to analysts’ expectations of $377.43 million. During the same quarter in the previous year, the company earned $1.32 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. On average, research analysts predict that W. P. Carey Inc. will post 4.5 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 6.42%. W. P. Carey’s payout ratio is currently 138.58%.

Analysts Set New Price Targets

Several research analysts recently issued reports on WPC shares. Scotiabank cut their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Barclays reissued an “underweight” rating and issued a $59.00 price target (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. UBS Group decreased their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey presently has a consensus rating of “Hold” and a consensus price target of $62.43.

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.