Ameritas Advisory Services LLC Has $727,000 Stake in W.P. Carey Inc. $WPC

Key Points

• Ameritas Advisory Services LLC reduced its stake in W.P. Carey Inc. by 24.0% in the second quarter, holding a total of $727,000 in shares after selling 3,671 shares.
• W.P. Carey's recent quarterly dividend of $0.91 reflects an increase from its previous dividend, resulting in an annualized dividend yield of 5.3%.
• W.P. Carey has received several analyst price target upgrades, with the average target now at $67.22, and a consensus rating categorized as "Hold".

Ameritas Advisory Services LLC decreased its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,651 shares of the real estate investment trust's stock after selling 3,671 shares during the quarter. Ameritas Advisory Services LLC's holdings in W.P. Carey were worth $727,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WPC. IAG Wealth Partners LLC increased its stake in shares of W.P. Carey by 7.0% in the first quarter. IAG Wealth Partners LLC now owns 2,495 shares of the real estate investment trust's stock valued at $157,000 after buying an additional 163 shares during the period. GF Fund Management CO. LTD. increased its stake in shares of W.P. Carey by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 4,145 shares of the real estate investment trust's stock valued at $262,000 after buying an additional 168 shares during the period. Cooper Financial Group increased its stake in shares of W.P. Carey by 1.5% in the second quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust's stock valued at $749,000 after buying an additional 181 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of W.P. Carey by 2.8% in the first quarter. Crestwood Advisors Group LLC now owns 6,877 shares of the real estate investment trust's stock valued at $434,000 after buying an additional 185 shares during the period. Finally, SouthState Corp increased its stake in shares of W.P. Carey by 15.7% in the first quarter. SouthState Corp now owns 1,439 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

Analysts Set New Price Targets

WPC has been the subject of several recent research reports. Scotiabank upped their price objective on W.P. Carey from $64.00 to $67.00 and gave the company a "sector perform" rating in a research note on Friday, September 5th. Royal Bank Of Canada upped their price objective on W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Evercore ISI upped their price objective on W.P. Carey from $66.00 to $70.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Barclays upped their price objective on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Finally, UBS Group increased their target price on shares of W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, W.P. Carey currently has a consensus rating of "Hold" and an average price target of $67.22.

W.P. Carey Price Performance

W.P. Carey stock opened at $69.15 on Monday. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $69.79. The stock's 50 day moving average price is $66.66 and its two-hundred day moving average price is $63.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 45.49, a PEG ratio of 10.07 and a beta of 0.81.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company had revenue of $430.78 million for the quarter, compared to analysts' expectations of $420.99 million. During the same period last year, the business earned $1.17 EPS. W.P. Carey's quarterly revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, equities analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.3%. This is an increase from W.P. Carey's previous quarterly dividend of $0.90. W.P. Carey's dividend payout ratio (DPR) is 239.47%.

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.

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