Jaffetilchin Investment Partners LLC Buys Shares of 4,939 W.P. Carey Inc. (NYSE:WPC)

Jaffetilchin Investment Partners LLC purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,939 shares of the real estate investment trust's stock, valued at approximately $312,000.

Other institutional investors have also recently bought and sold shares of the company. Ieq Capital LLC acquired a new position in shares of W.P. Carey during the 4th quarter worth approximately $227,000. National Pension Service bought a new position in W.P. Carey during the fourth quarter worth $25,000. Oppenheimer & Co. Inc. increased its holdings in shares of W.P. Carey by 22.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,550 shares of the real estate investment trust's stock valued at $684,000 after purchasing an additional 2,297 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of W.P. Carey in the fourth quarter valued at about $1,428,000. Finally, US Bancorp DE lifted its stake in shares of W.P. Carey by 8.3% during the 4th quarter. US Bancorp DE now owns 32,764 shares of the real estate investment trust's stock worth $1,785,000 after buying an additional 2,499 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W.P. Carey Price Performance

W.P. Carey stock traded up $0.62 during mid-day trading on Tuesday, reaching $63.00. 569,392 shares of the company were exchanged, compared to its average volume of 1,162,596. The company has a fifty day simple moving average of $62.11 and a 200-day simple moving average of $59.81. The firm has a market cap of $13.79 billion, a PE ratio of 32.45, a PEG ratio of 7.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.23 and a quick 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 results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The company had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. W.P. Carey had a return on equity of 5.02% and a net margin of 26.66%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS. 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 company also recently announced 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. 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 5.71%. The ex-dividend date is Monday, June 30th. W.P. Carey's dividend payout ratio (DPR) is currently 183.51%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BNP Paribas Exane upgraded shares of 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. Scotiabank boosted their price objective on W.P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Royal Bank Of Canada increased their target price 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. Barclays set a $61.00 price target on W.P. Carey and gave the stock an "underweight" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company upped their price objective on W.P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $100.40.

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.