Arkadios Wealth Advisors Grows Stock Position in W. P. Carey Inc. (NYSE:WPC)

Arkadios Wealth Advisors increased its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 60.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,391 shares of the real estate investment trust's stock after acquiring an additional 11,478 shares during the period. Arkadios Wealth Advisors' holdings in W. P. Carey were worth $1,656,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WPC. Quarry LP lifted its holdings in shares of W. P. Carey by 175.9% in the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 357 shares during the last quarter. Maia Wealth LLC bought a new stake in W. P. Carey in the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV boosted its position 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 valued at $41,000 after buying an additional 172 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of W. P. Carey by 2,374.1% during 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 buying an additional 641 shares during the period. Finally, Fortitude Family Office LLC grew its stake in shares of W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 616 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

W. P. Carey Price Performance

NYSE WPC traded up $0.27 on Friday, hitting $55.81. The company had a trading volume of 846,264 shares, compared to its average volume of 1,092,716. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The company's fifty day moving average price is $55.51 and its 200-day moving average price is $57.82. The company has a market capitalization of $12.21 billion, a PE ratio of 21.97, a PEG ratio of 0.97 and a beta of 0.97. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.42.

W. P. Carey (NYSE:WPC - Get Free Report) last released its earnings results 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 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 analysts' expectations of $377.43 million. During the same quarter last year, the business earned $1.32 EPS. The business's revenue was down 11.9% compared to the same quarter last year. As a group, analysts predict that W. P. Carey Inc. will post 4.5 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.31%. W. P. Carey's dividend payout ratio is currently 138.58%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reissued 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. Barclays restated an "underweight" rating and issued a $59.00 target price (up from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. Scotiabank decreased their price target on shares of W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating for the company in a research note on Thursday. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, UBS Group reduced their price objective on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $62.43.

About W. P. Carey

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.