W. P. Carey Inc. (NYSE:WPC) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,637 shares of the real estate investment trust's stock after buying an additional 4,088 shares during the period. EP Wealth Advisors LLC's holdings in W. P. Carey were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of W. P. Carey by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock worth $1,679,110,000 after buying an additional 242,576 shares during the period. Geode Capital Management LLC boosted its holdings in W. P. Carey by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock valued at $256,201,000 after purchasing an additional 135,090 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in W. P. Carey by 29.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock valued at $219,170,000 after purchasing an additional 906,622 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in W. P. Carey by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock valued at $143,926,000 after purchasing an additional 43,197 shares during the period. Finally, Northern Trust Corp boosted its holdings in W. P. Carey by 40.3% in the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after purchasing an additional 758,627 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent research reports. UBS Group decreased their target price on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday. Barclays raised their price target on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $108.88.

W. P. Carey Stock Performance

Shares of W. P. Carey stock traded up $0.19 on Friday, hitting $61.44. The stock had a trading volume of 272,464 shares, compared to its average volume of 1,164,988. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 1.06 and a beta of 0.78. The company's 50 day moving average price is $60.97 and its 200 day moving average price is $58.34.

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 the consensus estimate 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 firm had revenue of $407.44 million during the quarter, compared to analysts' expectations of $412.99 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts anticipate that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is 183.51%.

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.