U.S. Capital Wealth Advisors LLC Boosts Stock Holdings in W.P. Carey Inc. (NYSE:WPC)

U.S. Capital Wealth Advisors LLC lifted its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 136.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,535 shares of the real estate investment trust's stock after buying an additional 66,591 shares during the period. U.S. Capital Wealth Advisors LLC owned approximately 0.05% of W.P. Carey worth $7,291,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its holdings in shares of W.P. Carey by 17.1% in the 4th quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust's stock worth $3,056,000 after purchasing an additional 8,197 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of W.P. Carey by 13.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,087 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 1,442 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of W.P. Carey by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock worth $119,235,000 after purchasing an additional 134,523 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $256,201,000 after purchasing an additional 135,090 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new stake in W.P. Carey during the 1st quarter valued at $889,000. Institutional investors own 73.73% of the company's stock.

Analysts Set New Price Targets

WPC has been the topic of a number of analyst reports. Barclays set a $61.00 target price on shares of W.P. Carey and gave the company an "underweight" rating in a report on Wednesday, May 21st. Wells Fargo & Company boosted 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. Scotiabank boosted their target price on shares of W.P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Royal Bank Of Canada boosted their target price 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. Finally, BNP Paribas set a $66.00 target price on shares of W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $100.60.

W.P. Carey Price Performance

Shares of WPC traded down $0.24 during mid-day trading on Tuesday, reaching $62.42. 190,652 shares of the stock traded hands, compared to its average volume of 1,162,160. The firm has a fifty day moving average price of $62.30 and a 200 day moving average price of $60.09. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 7.04 and a beta of 0.78. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.92. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10.

W.P. Carey (NYSE:WPC - Get Free Report) last released 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 firm had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, equities research analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.90 dividend. The ex-dividend date is Monday, June 30th. 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 5.77%. W.P. Carey's payout ratio is 185.57%.

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.