U.S. Capital Wealth Advisors LLC Has $8.23 Million Holdings in 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 lifted its stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 14.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,993 shares of the real estate investment trust's stock after acquiring an additional 16,458 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.06% of W.P. Carey worth $8,234,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Park Avenue Securities LLC acquired a new position in shares of W.P. Carey during the 2nd quarter valued at $519,000. Avanza Fonder AB acquired a new position in shares of W.P. Carey during the second quarter valued at about $1,198,000. Farther Finance Advisors LLC raised its holdings in shares of W.P. Carey by 12.0% during the second quarter. Farther Finance Advisors LLC now owns 6,117 shares of the real estate investment trust's stock valued at $382,000 after purchasing an additional 653 shares during the period. Silver Oak Securities Incorporated raised its holdings in shares of W.P. Carey by 33.5% during the second quarter. Silver Oak Securities Incorporated now owns 6,577 shares of the real estate investment trust's stock valued at $410,000 after purchasing an additional 1,649 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of W.P. Carey by 7.6% during the second quarter. UMB Bank n.a. now owns 3,211 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group upped their price target on W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Evercore ISI upped their target price on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Wells Fargo & Company raised W.P. Carey from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th. BNP Paribas Exane raised 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, June 9th. Finally, BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.22.

W.P. Carey Stock Performance

NYSE WPC opened at $67.17 on Monday. W.P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $69.00. The company has a 50-day simple moving average of $65.62 and a 200 day simple moving average of $63.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $14.71 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 9.78 and a beta of 0.82.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (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 during the quarter, compared to analyst estimates of $420.99 million. During the same quarter last year, the business posted $1.17 EPS. W.P. Carey's quarterly revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

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

W.P. Carey 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.

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