Consolidated Portfolio Review Corp Has $1.81 Million Stake in W.P. Carey Inc. (NYSE:WPC)

Consolidated Portfolio Review Corp boosted its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 89.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,698 shares of the real estate investment trust's stock after purchasing an additional 13,546 shares during the quarter. Consolidated Portfolio Review Corp's holdings in W.P. Carey were worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WPC. Asset Management One Co. Ltd. lifted its stake in shares of W.P. Carey by 1.4% in the first quarter. Asset Management One Co. Ltd. now owns 439,346 shares of the real estate investment trust's stock valued at $27,727,000 after buying an additional 6,105 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of W.P. Carey by 20.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,090 shares of the real estate investment trust's stock worth $952,000 after acquiring an additional 2,540 shares during the last quarter. XML Financial LLC lifted its position in W.P. Carey by 2.5% in the 1st quarter. XML Financial LLC now owns 37,361 shares of the real estate investment trust's stock valued at $2,358,000 after acquiring an additional 898 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in W.P. Carey by 0.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 153,497 shares of the real estate investment trust's stock valued at $9,687,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in W.P. Carey during the 1st quarter valued at about $398,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $64.56 on Tuesday. The company has a market capitalization of $14.14 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 7.06 and a beta of 0.80. The company's 50-day moving average is $61.96 and its 200 day moving average is $59.57. 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 Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10.

W.P. Carey (NYSE:WPC - Get Free Report) last announced 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 period in the prior year, the firm posted $1.14 EPS. The business's revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast 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 Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid 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 dividend yield of 5.58%. W.P. Carey's payout ratio is presently 183.51%.

Analysts Set New Price Targets

Several brokerages have recently commented on WPC. BNP Paribas set a $66.00 price objective on W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Scotiabank increased their price target on W.P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective on the stock in a report on Monday, June 9th. Royal Bank Of Canada increased their target price on shares of W.P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price target on shares of W.P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, W.P. Carey presently has a consensus rating of "Hold" and a consensus target price of $100.40.

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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