Barclays PLC Has $22.05 Million Stake in W. P. Carey Inc. (NYSE:WPC)

Barclays PLC trimmed its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 48.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,908 shares of the real estate investment trust's stock after selling 332,352 shares during the period. Barclays PLC owned approximately 0.16% of W. P. Carey worth $22,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WPC. Blue Trust Inc. raised its holdings in W. P. Carey by 249.1% in the second quarter. Blue Trust Inc. now owns 946 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 675 shares during the period. Raymond James & Associates raised its stake in W. P. Carey by 23.6% during the 2nd quarter. Raymond James & Associates now owns 360,517 shares of the real estate investment trust's stock worth $19,846,000 after buying an additional 68,886 shares during the period. BTC Capital Management Inc. lifted its holdings in W. P. Carey by 15.4% during the second quarter. BTC Capital Management Inc. now owns 5,068 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 678 shares in the last quarter. Neo Ivy Capital Management acquired a new position in W. P. Carey in the second quarter valued at about $3,712,000. Finally, Carnegie Investment Counsel grew its stake in W. P. Carey by 16.4% in the second quarter. Carnegie Investment Counsel now owns 144,310 shares of the real estate investment trust's stock valued at $7,944,000 after acquiring an additional 20,379 shares during the period. Institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Performance

NYSE:WPC traded up $1.17 during mid-day trading on Friday, hitting $57.02. The stock had a trading volume of 1,204,345 shares, compared to its average volume of 1,206,672. The company's 50 day simple moving average is $57.15 and its 200 day simple moving average is $58.02. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. W. P. Carey Inc. has a twelve month low of $53.09 and a twelve month high of $67.40.

W. P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The business's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. On average, equities research analysts forecast 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 will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.88 dividend. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Tuesday, December 31st. W. P. Carey's payout ratio is currently 138.58%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $63.00 price target (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Evercore ISI increased their target price 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. UBS Group cut their price target on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Finally, Barclays upped their target price 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. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $62.88.

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.