Octavia Wealth Advisors LLC Purchases Shares of 3,951 W. P. Carey Inc. (NYSE:WPC)

Octavia Wealth Advisors LLC bought a new position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,951 shares of the real estate investment trust's stock, valued at approximately $253,000.

A number of other large investors have also added to or reduced their stakes in WPC. National Pension Service acquired a new stake in shares of W. P. Carey during the 4th quarter worth about $25,000. Millstone Evans Group LLC acquired a new stake in shares of W. P. Carey during the 4th quarter worth about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of W. P. Carey during the 4th quarter worth about $37,000. Bessemer Group Inc. grew its position in shares of W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 402 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of W. P. Carey during the fourth quarter worth approximately $44,000. Institutional investors own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent research reports. Barclays set a $61.00 price target on W. P. Carey and gave the company an "underweight" rating in a research note on Wednesday, May 21st. BNP Paribas Exane upgraded shares of W. P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price on the stock in a research report on Monday. Wells Fargo & Company raised their price objective on W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Finally, Scotiabank raised their price objective on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, W. P. Carey currently has an average rating of "Hold" and an average target price of $100.40.

W. P. Carey Price Performance

Shares of W. P. Carey stock traded down $0.11 during midday trading on Wednesday, hitting $63.31. 748,431 shares of the company traded hands, compared to its average volume of 1,172,744. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The firm's fifty day moving average price is $60.93 and its 200-day moving average price is $59.12. 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 earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. W. P. Carey's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. As a group, sell-side analysts forecast that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a yield of 5.62%. W. P. Carey's dividend payout ratio (DPR) is currently 183.51%.

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.