Adams Asset Advisors LLC Buys 16,540 Shares of W. P. Carey Inc. (NYSE:WPC)

Adams Asset Advisors LLC lifted its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,666 shares of the real estate investment trust's stock after acquiring an additional 16,540 shares during the quarter. Adams Asset Advisors LLC's holdings in W. P. Carey were worth $3,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WPC. Quarry LP increased its position 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 valued at $31,000 after purchasing an additional 357 shares during the last quarter. Maia Wealth LLC purchased a new stake in W. P. Carey during the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV raised its position in W. P. Carey by 35.9% in 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 period. Abich Financial Wealth Management LLC raised its position in 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 worth $42,000 after acquiring an additional 641 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in 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 acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Trading Down 0.6 %

WPC traded down $0.31 during midday trading on Monday, reaching $53.57. 1,487,444 shares of the company's stock traded hands, compared to its average volume of 1,238,163. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.04 and a beta of 0.97. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $67.17. The firm has a fifty day moving average of $55.62 and a two-hundred day moving average of $57.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million during the quarter, compared to analysts' expectations of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 earnings per share. On average, equities analysts anticipate that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Tuesday, December 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is 138.58%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WPC. Evercore ISI lifted their price target on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an "equal weight" rating and set a $63.00 price target (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. UBS Group lowered 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 reiterated a "market perform" rating on shares of W. P. Carey in a research report on Friday. Finally, Barclays restated an "underweight" rating and set a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. 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. Based on data from MarketBeat.com, W. P. Carey presently has an average rating of "Hold" and an average price target of $62.57.

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.