Diversified Trust Co Sells 6,415 Shares of W.P. Carey Inc. (NYSE:WPC)

Diversified Trust Co cut its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 65.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,384 shares of the real estate investment trust's stock after selling 6,415 shares during the period. Diversified Trust Co's holdings in W.P. Carey were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its holdings in shares of W.P. Carey by 7.0% during the first quarter. IAG Wealth Partners LLC now owns 2,495 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 163 shares in the last quarter. DF Dent & Co. Inc. grew its stake in W.P. Carey by 3.5% in the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock worth $298,000 after buying an additional 183 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of W.P. Carey by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after buying an additional 193 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of W.P. Carey by 5.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 6,165 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 315 shares in the last quarter. Finally, Keudell Morrison Wealth Management grew its position in W.P. Carey by 9.0% in the first quarter. Keudell Morrison Wealth Management now owns 4,460 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 368 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Trading Up 0.5%

Shares of W.P. Carey stock traded up $0.33 during trading on Wednesday, reaching $63.32. 953,573 shares of the stock were exchanged, compared to its average volume of 1,166,330. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 6.94 and a beta of 0.78. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.92. The stock's fifty day moving average is $62.13 and its 200 day moving average is $59.83.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data 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 return on equity of 5.02% and a net margin of 26.66%. The business had revenue of $407.44 million during the quarter, compared to analysts' expectations of $412.99 million. During the same quarter last year, the business posted $1.14 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal 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 5.69%. W.P. Carey's dividend payout ratio is 185.57%.

Analysts Set New Price Targets

WPC has been the subject of several research analyst reports. Evercore ISI lifted their price target on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday. Barclays set a $61.00 price objective on W.P. Carey and gave the company an "underweight" rating in a report on Wednesday, May 21st. BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price for the company in a research note on Monday, June 9th. BNP Paribas set a $66.00 target price on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, UBS Group decreased their target price on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, W.P. Carey presently has an average rating of "Hold" and an average target price of $100.60.

W.P. Carey Company 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.