NBC Securities Inc. Has $548,000 Holdings in W. P. Carey Inc. (NYSE:WPC)

NBC Securities Inc. grew its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 108,600.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,696 shares of the real estate investment trust's stock after purchasing an additional 8,688 shares during the period. NBC Securities Inc.'s holdings in W. P. Carey were worth $548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. DF Dent & Co. Inc. grew its stake in W. P. Carey by 3.5% during the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock valued at $298,000 after acquiring an additional 183 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of W. P. Carey by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after acquiring an additional 193 shares in the last quarter. Empowered Funds LLC boosted its position in W. P. Carey by 7.7% during the fourth quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 271 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in W. P. Carey by 2.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 11,531 shares of the real estate investment trust's stock valued at $628,000 after purchasing an additional 293 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in W. P. Carey by 5.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 6,165 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 315 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

W. P. Carey Stock Performance

WPC traded up $0.51 during trading on Friday, hitting $62.60. The stock had a trading volume of 710,666 shares, compared to its average volume of 1,176,923. The firm has a market cap of $13.71 billion, a PE ratio of 29.95, a P/E/G ratio of 1.06 and a beta of 0.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a 50 day simple moving average of $60.88 and a 200-day simple moving average of $58.98.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data 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). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. 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 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.89 per share. The ex-dividend date was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.69%. W. P. Carey's payout ratio is 183.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank boosted their price target 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. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target 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. UBS Group decreased their price objective on shares of W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Evercore ISI raised their target price on W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $109.00.

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.