Wealth Enhancement Advisory Services LLC Boosts Stock Position in W. P. Carey Inc. (NYSE:WPC)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,509 shares of the real estate investment trust's stock after buying an additional 56,121 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of W. P. Carey worth $10,978,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in W. P. Carey by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock worth $1,679,110,000 after purchasing an additional 242,576 shares during the last quarter. Geode Capital Management LLC boosted its position in W. P. Carey by 3.0% in the fourth 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 last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of W. P. Carey by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock valued at $219,170,000 after buying an additional 906,622 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of W. P. Carey by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock valued at $143,926,000 after buying an additional 43,197 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of W. P. Carey by 40.3% during the 4th quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after buying an additional 758,627 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Trading Up 0.0%

Shares of W. P. Carey stock traded up $0.00 on Tuesday, reaching $62.27. The company had a trading volume of 510,605 shares, compared to its average volume of 1,180,240. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 29.81, a P/E/G 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. The firm's 50-day moving average price is $60.92 and its two-hundred day moving average price is $58.89. 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 announced its 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 company had revenue of $407.44 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. As a group, research analysts predict that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.89 per share. The ex-dividend date was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.72%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is presently 183.51%.

Analysts Set New Price Targets

WPC has been the topic of a number of analyst reports. Barclays set a $61.00 price objective on W. P. Carey and gave the company an "underweight" rating in a research report on Wednesday, May 21st. JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Evercore ISI lifted their price objective on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.