Envestnet Asset Management Inc. Has $38.27 Million Stock Holdings in W.P. Carey Inc. (NYSE:WPC)

Envestnet Asset Management Inc. increased its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,427 shares of the real estate investment trust's stock after acquiring an additional 26,665 shares during the period. Envestnet Asset Management Inc. owned about 0.28% of W.P. Carey worth $38,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WPC. Sei Investments Co. lifted its stake in shares of W.P. Carey by 17.1% in the 4th quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust's stock valued at $3,056,000 after purchasing an additional 8,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of W.P. Carey by 13.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock valued at $758,000 after acquiring an additional 1,442 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in W.P. Carey by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock valued at $119,235,000 after purchasing an additional 134,523 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $256,201,000 after buying an additional 135,090 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of W.P. Carey during the 1st quarter worth $889,000. Institutional investors own 73.73% of the company's stock.

W.P. Carey Price Performance

W.P. Carey stock traded down $1.78 during trading hours on Tuesday, hitting $61.70. 1,183,512 shares of the stock were exchanged, compared to its average volume of 1,159,592. The stock has a market capitalization of $13.51 billion, a P/E ratio of 31.80, a P/E/G ratio of 7.06 and a beta of 0.78. The business's 50-day moving average is $62.39 and its two-hundred day moving average is $60.37. 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 12 month low of $52.91 and a 12 month high of $66.10.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. The business had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. This is a boost from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.83%. W.P. Carey's payout ratio is presently 185.57%.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent analyst reports. BNP Paribas set a $66.00 price target on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. UBS Group cut their target price on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Royal Bank Of Canada raised their price target on shares of W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Evercore ISI increased their target price on shares of 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. Finally, BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target on the stock in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $104.22.

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.