TruWealth Advisors LLC Has $15.67 Million Stake in W. P. Carey Inc. (NYSE:WPC)

TruWealth Advisors LLC boosted its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,281 shares of the real estate investment trust's stock after buying an additional 6,004 shares during the period. TruWealth Advisors LLC owned 0.11% of W. P. Carey worth $15,669,000 at the end of the most recent quarter.

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

W. P. Carey Price Performance

Shares of NYSE WPC traded up $0.03 on Thursday, hitting $62.06. The company's stock had a trading volume of 981,140 shares, compared to its average volume of 1,177,456. The stock has a 50 day moving average of $60.90 and a 200-day moving average of $58.93. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. 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 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 firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts predict that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 5.74%. The ex-dividend date was Monday, March 31st. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is 183.51%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WPC shares. UBS Group cut their target price on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Evercore ISI raised their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. JMP Securities reiterated 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 report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.