W. P. Carey Inc. (NYSE:WPC) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 116.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,661 shares of the real estate investment trust's stock after acquiring an additional 5,191 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in W. P. Carey were worth $526,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Geode Capital Management LLC grew its position in W. P. Carey by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,573,938 shares of the real estate investment trust's stock worth $284,426,000 after purchasing an additional 127,477 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in W. P. Carey by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,598,618 shares of the real estate investment trust's stock worth $161,894,000 after buying an additional 103,147 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of W. P. Carey by 660.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust's stock valued at $127,969,000 after purchasing an additional 1,784,131 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of W. P. Carey by 21.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust's stock worth $94,325,000 after buying an additional 264,230 shares during the last quarter. Finally, Equity Investment Corp raised its position in shares of W. P. Carey by 0.7% during the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust's stock valued at $92,305,000 after buying an additional 9,610 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Performance

Shares of NYSE:WPC traded up $1.34 during midday trading on Thursday, hitting $56.04. The stock had a trading volume of 368,697 shares, compared to its average volume of 971,126. The company has a market capitalization of $12.26 billion, a PE ratio of 22.06, a P/E/G ratio of 1.00 and a beta of 0.97. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $64.26. The stock has a 50 day moving average price of $55.49 and a two-hundred day moving average price of $57.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

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 (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.62). The business had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. As a group, equities analysts predict that W. P. Carey Inc. will post 4.49 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 Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. 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 6.28%. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey's payout ratio is currently 138.58%.

Analyst Ratings Changes

Several analysts recently weighed in on WPC shares. Scotiabank dropped their target price on shares of W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Barclays restated an "underweight" rating and issued a $59.00 price objective (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. UBS Group cut their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Finally, JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a research report on Friday, January 10th. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.43.

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.