MML Investors Services LLC Has $7.93 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

MML Investors Services LLC decreased its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 127,356 shares of the real estate investment trust's stock after selling 10,262 shares during the period. MML Investors Services LLC owned 0.06% of W. P. Carey worth $7,934,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd boosted its holdings in W. P. Carey by 256.1% in the 3rd quarter. XTX Topco Ltd now owns 24,729 shares of the real estate investment trust's stock valued at $1,541,000 after purchasing an additional 17,784 shares during the period. Zacks Investment Management boosted its holdings in W. P. Carey by 10.6% in the 3rd quarter. Zacks Investment Management now owns 613,806 shares of the real estate investment trust's stock valued at $38,240,000 after purchasing an additional 59,075 shares during the period. EP Wealth Advisors LLC boosted its holdings in W. P. Carey by 63.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 8,549 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 3,329 shares during the period. Wellington Management Group LLP boosted its holdings in W. P. Carey by 121.9% in the 3rd quarter. Wellington Management Group LLP now owns 253,419 shares of the real estate investment trust's stock valued at $15,788,000 after purchasing an additional 139,212 shares during the period. Finally, Weaver Consulting Group boosted its holdings in W. P. Carey by 1.5% in the 3rd quarter. Weaver Consulting Group now owns 34,847 shares of the real estate investment trust's stock valued at $2,171,000 after purchasing an additional 511 shares during the period. Institutional investors own 73.73% of the company's stock.

W. P. Carey Trading Up 0.6 %

Shares of NYSE:WPC traded up $0.31 during trading on Thursday, reaching $55.85. The stock had a trading volume of 1,365,536 shares, compared to its average volume of 1,206,681. The firm's fifty day moving average is $57.31 and its 200 day 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 Inc. has a 52 week low of $53.09 and a 52 week high of $67.40. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.04 and a beta of 0.96.

W. P. Carey (NYSE:WPC - Get Free Report) last issued 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 company had revenue of $394.78 million for the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 earnings per share. As a group, equities analysts forecast that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The firm 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 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 yield of 6.30%. W. P. Carey's dividend payout ratio is presently 137.80%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WPC. Barclays boosted their price objective on shares of W. P. Carey from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Evercore ISI boosted 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 report on Monday, September 16th. UBS Group dropped their target price on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $63.00 target price (up 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.