Brown Advisory Inc. Has $23.17 Million Holdings in W.P. Carey Inc. (NYSE:WPC)

Brown Advisory Inc. lowered its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 367,107 shares of the real estate investment trust's stock after selling 19,236 shares during the quarter. Brown Advisory Inc. owned about 0.17% of W.P. Carey worth $23,168,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WPC. von Borstel & Associates Inc. purchased a new stake in shares of W.P. Carey during the 1st quarter valued at $26,000. Millstone Evans Group LLC purchased a new stake in shares of W.P. Carey during the 4th quarter valued at $37,000. Bessemer Group Inc. lifted its position in W.P. Carey by 118.6% in the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after buying an additional 402 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in W.P. Carey in the fourth quarter worth approximately $44,000. Finally, Hoey Investments Inc. bought a new position in W.P. Carey during the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 73.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WPC. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a "neutral" rating in a research note on Monday, June 9th. Scotiabank raised their price objective on W.P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Evercore ISI boosted their target price on W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lifted their price target on W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays set a $61.00 price objective on W.P. Carey and gave the company an "underweight" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $100.60.

W.P. Carey Price Performance

WPC opened at $61.81 on Thursday. The stock's 50 day moving average price is $62.31 and its 200-day moving average price is $60.12. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The stock has a market capitalization of $13.54 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 6.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.23 and a current ratio of 0.23.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). W.P. Carey had a return on equity of 5.02% and a net margin of 26.66%. The company had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. During the same quarter last year, the company posted $1.14 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 annualized dividend and a yield of 5.82%. W.P. Carey's dividend payout ratio (DPR) is 185.57%.

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.

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