U.S. Capital Wealth Advisors LLC Buys 16,458 Shares of W.P. Carey Inc. $WPC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in W.P. Carey Inc. by 14.2% during the second quarter, holding 131,993 shares valued at approximately $8.23 million.
• The company recently announced a quarterly dividend of $0.91, up from $0.90, with a dividend yield of 5.4%.
• Analysts have raised price targets for W.P. Carey, with UBS Group setting a new target at $66, and Wells Fargo & Company increasing it to $72, reflecting a consensus rating of "Hold" with an average price target of $67.22.

U.S. Capital Wealth Advisors LLC raised its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,993 shares of the real estate investment trust's stock after purchasing an additional 16,458 shares during the quarter. U.S. Capital Wealth Advisors LLC owned 0.06% of W.P. Carey worth $8,234,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. von Borstel & Associates Inc. acquired a new position in W.P. Carey in the first quarter valued at $26,000. TCTC Holdings LLC increased its holdings in W.P. Carey by 100.8% in the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 242 shares in the last quarter. Cheviot Value Management LLC purchased a new position in shares of W.P. Carey during the 1st quarter worth approximately $37,000. Fourth Dimension Wealth LLC purchased a new position in shares of W.P. Carey during the 4th quarter worth approximately $44,000. Finally, Summit Securities Group LLC increased its stake in shares of W.P. Carey by 60.0% during the 1st quarter. Summit Securities Group LLC now owns 800 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W.P. Carey Stock Up 0.0%

W.P. Carey stock traded up $0.00 during trading hours on Monday, hitting $67.17. The company had a trading volume of 828,082 shares, compared to its average volume of 1,162,934. The firm has a market capitalization of $14.71 billion, a P/E ratio of 44.19, a price-to-earnings-growth ratio of 9.78 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The firm's fifty day moving average is $65.70 and its 200-day moving average is $63.14. W.P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $69.00.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The company had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same quarter in the prior year, the business posted $1.17 EPS. W.P. Carey's quarterly revenue was up 10.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, September 30th. This is a boost from W.P. Carey's previous quarterly dividend of $0.90. W.P. Carey's dividend payout ratio (DPR) is 236.84%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Evercore ISI lifted their price target on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Barclays lifted their price target on W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, Wells Fargo & Company raised shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.22.

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.