HBW Advisory Services LLC Has $32,000 Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

HBW Advisory Services LLC lowered its stake in W. P. Carey Inc. (NYSE:WPC) by 85.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 589 shares of the real estate investment trust’s stock after selling 3,583 shares during the quarter. HBW Advisory Services LLC’s holdings in W. P. Carey were worth $32,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of W. P. Carey by 660.9% during the 3rd 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 worth $127,969,000 after purchasing an additional 1,784,131 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in W. P. Carey by 22.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust’s stock worth $178,401,000 after acquiring an additional 588,636 shares in the last quarter. Victory Capital Management Inc. lifted its stake in W. P. Carey by 649.4% in the third quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust’s stock valued at $34,507,000 after acquiring an additional 479,973 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of W. P. Carey by 185.7% during the 2nd quarter. Hsbc Holdings PLC now owns 684,355 shares of the real estate investment trust’s stock worth $37,631,000 after purchasing an additional 444,785 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of W. P. Carey by 103.3% in the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock valued at $50,219,000 after purchasing an additional 409,593 shares during the period. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Friday. Barclays restated an “underweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. Evercore ISI lifted their price objective on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. UBS Group decreased 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, Wells Fargo & Company restated 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 note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, W. P. Carey presently has an average rating of “Hold” and a consensus target price of $62.57.

W. P. Carey Trading Down 1.6 %

WPC stock opened at $53.93 on Friday. W. P. Carey Inc. has a 52 week low of $53.09 and a 52 week high of $67.40. The company has a market capitalization of $11.80 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. The company’s 50-day simple moving average is $55.62 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.

W. P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $377.43 million. During the same quarter in the previous year, the company earned $1.32 EPS. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that W. P. Carey Inc. will post 4.5 earnings per share for the current year.

W. P. Carey Increases Dividend

The business 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 $0.88 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a yield of 6.53%. W. P. Carey’s payout ratio is currently 138.58%.

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.