EP Wealth Advisors LLC Buys 4,088 Shares of W. P. Carey Inc. (NYSE:WPC)

EP Wealth Advisors LLC lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,637 shares of the real estate investment trust's stock after purchasing an additional 4,088 shares during the quarter. EP Wealth Advisors LLC's holdings in W. P. Carey were worth $688,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WPC. Cary Street Partners Financial LLC acquired a new stake in shares of W. P. Carey in the 4th quarter valued at approximately $194,000. Baird Financial Group Inc. raised its position in W. P. Carey by 234.6% during the fourth quarter. Baird Financial Group Inc. now owns 51,003 shares of the real estate investment trust's stock worth $2,779,000 after acquiring an additional 35,761 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in W. P. Carey by 7.0% in the fourth quarter. Ameriprise Financial Inc. now owns 730,278 shares of the real estate investment trust's stock valued at $39,667,000 after acquiring an additional 47,484 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in W. P. Carey in the fourth quarter valued at $12,665,000. Finally, AXA S.A. grew its position in shares of W. P. Carey by 4.2% in the 4th quarter. AXA S.A. now owns 52,522 shares of the real estate investment trust's stock valued at $2,861,000 after acquiring an additional 2,116 shares during the period. Institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Performance

NYSE WPC traded down $0.95 during trading on Tuesday, hitting $60.06. 1,108,826 shares of the company's stock traded hands, compared to its average volume of 1,169,166. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.06 and a beta of 0.78. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The business has a 50 day moving average of $61.13 and a 200-day moving average of $58.30.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The company had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. During the same period in the previous year, the firm earned $1.14 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.93%. W. P. Carey's payout ratio is presently 183.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WPC. Evercore ISI increased their price target on W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on shares of W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $108.88.

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.