Nisa Investment Advisors LLC Decreases Position in W. P. Carey Inc. (NYSE:WPC)

Nisa Investment Advisors LLC lessened its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,451 shares of the real estate investment trust's stock after selling 13,624 shares during the period. Nisa Investment Advisors LLC's holdings in W. P. Carey were worth $4,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WPC. Massmutual Trust Co. FSB ADV grew its holdings 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 worth $41,000 after purchasing an additional 172 shares in the last quarter. Catalytic Wealth RIA LLC raised its position in shares of W. P. Carey by 5.2% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 4,033 shares of the real estate investment trust's stock valued at $222,000 after buying an additional 198 shares in the last quarter. Kowal Investment Group LLC lifted its holdings in shares of W. P. Carey by 3.4% during the 2nd quarter. Kowal Investment Group LLC now owns 6,070 shares of the real estate investment trust's stock worth $334,000 after acquiring an additional 199 shares during the last quarter. Creative Planning grew its position in W. P. Carey by 0.3% in the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust's stock worth $4,031,000 after acquiring an additional 207 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in W. P. Carey by 9.5% in the third quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust's stock valued at $152,000 after acquiring an additional 212 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W. P. Carey Trading Down 1.1 %

Shares of WPC stock traded down $0.60 during mid-day trading on Friday, reaching $55.12. The stock had a trading volume of 1,583,849 shares, compared to its average volume of 1,216,854. The company has a current ratio of 1.00, a quick ratio of 1.93 and a debt-to-equity ratio of 0.90. The stock's 50-day moving average price is $60.44 and its two-hundred day moving average price is $58.17. The firm has a market capitalization of $12.06 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. W. P. Carey Inc. has a 52-week low of $53.01 and a 52-week 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 for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business 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 posted $1.32 EPS. The company's quarterly revenue was down 11.9% compared to the same quarter last year. Equities analysts expect that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.875 per share. 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 yield of 6.35%. The ex-dividend date of this dividend was Monday, September 30th. W. P. Carey's payout ratio is presently 137.80%.

Insiders Place Their Bets

In related news, Director Mark A. Alexander bought 3,500 shares of the business's stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $55.87 per share, with a total value of $195,545.00. Following the purchase, the director now owns 38,124 shares of the company's stock, valued at approximately $2,129,987.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WPC shares. Royal Bank of Canada cut their price objective on W. P. Carey from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. 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 research note on Thursday, October 10th. Scotiabank decreased their price target on shares of W. P. Carey from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. UBS Group upped their price objective on shares of W. P. Carey from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, July 18th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, W. P. Carey currently has a consensus rating of "Hold" and an average price target of $63.25.

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.