New Insight Wealth Advisors Has $2.51 Million Stock Holdings in W.P. Carey Inc. (NYSE:WPC)

New Insight Wealth Advisors lessened its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 20.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,750 shares of the real estate investment trust's stock after selling 10,268 shares during the period. W.P. Carey comprises approximately 1.1% of New Insight Wealth Advisors' holdings, making the stock its 23rd biggest holding. New Insight Wealth Advisors' holdings in W.P. Carey were worth $2,509,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of W.P. Carey by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock valued at $1,679,110,000 after purchasing an additional 242,576 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of W.P. Carey by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock valued at $256,201,000 after purchasing an additional 135,090 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of W.P. Carey by 29.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock valued at $219,170,000 after purchasing an additional 906,622 shares in the last quarter. Northern Trust Corp boosted its stake in shares of W.P. Carey by 40.3% in the 4th quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after purchasing an additional 758,627 shares in the last quarter. Finally, Norges Bank bought a new position in shares of W.P. Carey in the fourth quarter valued at about $139,381,000. Institutional investors and hedge funds own 73.73% of the company's stock.

Analyst Ratings Changes

WPC has been the subject of a number of research analyst reports. Scotiabank lifted their price target on W.P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Evercore ISI upped their price target on 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. Royal Bank Of Canada boosted their price objective on W.P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. BNP Paribas set a $66.00 price target on W.P. Carey and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Barclays set a $61.00 price target on W.P. Carey and gave the stock an "underweight" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, W.P. Carey currently has an average rating of "Hold" and a consensus target price of $100.60.

W.P. Carey Stock Up 0.9%

Shares of NYSE:WPC traded up $0.53 during midday trading on Thursday, hitting $62.33. The stock had a trading volume of 194,270 shares, compared to its average volume of 1,163,408. W.P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. 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 business's 50-day simple moving average is $62.31 and its 200-day simple moving average is $60.12. The company has a market cap of $13.65 billion, a P/E ratio of 32.12, a PEG ratio of 6.93 and a beta of 0.78.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results 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 net margin of 26.66% and a return on equity of 5.02%. The firm 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 business posted $1.14 earnings per share. W.P. Carey's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This is an increase 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 yield of 5.78%. W.P. Carey's dividend payout ratio (DPR) is currently 185.57%.

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.