W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 323.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,132 shares of the real estate investment trust's stock after acquiring an additional 36,001 shares during the period. Coldstream Capital Management Inc.'s holdings in W. P. Carey were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in W. P. Carey by 1,510.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 453 shares during the period. Quarry LP boosted its position in 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 purchasing an additional 357 shares in the last quarter. Maia Wealth LLC purchased a new stake in W. P. Carey in the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV grew its stake in shares of W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 172 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of W. P. Carey by 2,374.1% during the 3rd 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. Institutional investors and hedge funds own 73.73% of the company's stock.

W. P. Carey Price Performance

Shares of NYSE:WPC traded down $0.30 during midday trading on Wednesday, hitting $55.53. The company's stock had a trading volume of 1,232,924 shares, compared to its average volume of 1,206,014. The company has a market cap of $12.15 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. W. P. Carey Inc. has a 12-month low of $53.09 and a 12-month high of $67.40. The business's 50 day simple moving average is $57.31 and its 200 day simple moving average is $58.01. 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 (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 analysts' consensus estimates of $1.13 by ($0.62). The business 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% compared to the same quarter last year. During the same period last year, the business earned $1.32 earnings per share. On average, analysts forecast that W. P. Carey Inc. will post 4.52 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.875 dividend. The ex-dividend date was Monday, September 30th. This is an increase from W. P. Carey's previous quarterly dividend of $0.87. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.30%. W. P. Carey's dividend payout ratio (DPR) is 137.80%.

Wall Street Analysts Forecast Growth

WPC has been the topic of several analyst reports. Evercore ISI raised 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. Barclays lifted their price target on W. P. Carey from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. UBS Group lowered their price target on 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, Wells Fargo & Company reiterated an "equal weight" rating and set a $63.00 target price (up previously from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.88.

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.