Fiduciary Alliance LLC Acquires Shares of 26,034 W. P. Carey Inc. (NYSE:WPC)

Fiduciary Alliance LLC purchased a new position in W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,034 shares of the real estate investment trust's stock, valued at approximately $1,418,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP lifted its position 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 valued at $31,000 after acquiring an additional 357 shares in the last quarter. Maia Wealth LLC acquired a new position in shares of W. P. Carey in the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 purchasing an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings 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 worth $42,000 after purchasing an additional 641 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in shares of W. P. Carey by 962.5% during the 3rd 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 period. Institutional investors and hedge funds own 73.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays reaffirmed an "underweight" rating and issued a $59.00 target price (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. Evercore ISI lifted their target price on shares of W. P. Carey from $63.00 to $66.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Wells Fargo & Company restated 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 target price 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, JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.57.

W. P. Carey Stock Performance

Shares of NYSE:WPC traded up $0.76 during trading on Tuesday, hitting $54.26. 1,042,130 shares of the stock were exchanged, compared to its average volume of 1,213,654. The company's fifty day simple moving average is $55.59 and its 200-day simple moving average is $57.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $67.17.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) 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 business had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. During the same period last year, the firm earned $1.32 EPS. The company's quarterly revenue was down 11.9% compared to the same quarter last year. Sell-side analysts expect that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Tuesday, December 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is currently 138.58%.

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.