Graham Capital Wealth Management LLC Has $2.34 Million Stake in W.P. Carey Inc. (NYSE:WPC)

Key Points

• Graham Capital Wealth Management LLC reduced its stake in W.P. Carey Inc. by 30.3%, now holding 37,004 shares valued at approximately $2.3 million.
• W.P. Carey recently announced a quarterly dividend increase to $0.90 per share, representing an annualized dividend of $3.60 and a yield of 5.57%.
• The company's stock performance reflects a twelve-month range between $52.91 and $66.10, with current trading around $64.61 and a market capitalization of $14.15 billion.

Graham Capital Wealth Management LLC lessened its holdings in W.P. Carey Inc. (NYSE:WPC - Free Report) by 30.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,004 shares of the real estate investment trust's stock after selling 16,054 shares during the period. W.P. Carey comprises 2.6% of Graham Capital Wealth Management LLC's holdings, making the stock its 20th biggest holding. Graham Capital Wealth Management LLC's holdings in W.P. Carey were worth $2,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WPC. von Borstel & Associates Inc. bought a new stake in shares of W.P. Carey during the first quarter worth about $26,000. Bessemer Group Inc. lifted its stake in shares of W.P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 402 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of W.P. Carey in the fourth quarter worth approximately $44,000. Hoey Investments Inc. acquired a new position in shares of W.P. Carey in the fourth quarter worth approximately $48,000. Finally, Quarry LP acquired a new position in shares of W.P. Carey in the fourth quarter worth approximately $50,000. Institutional investors own 73.73% of the company's stock.

W.P. Carey Stock Down 0.8%

Shares of NYSE:WPC traded down $0.51 during trading on Monday, reaching $64.09. 1,636,095 shares of the stock were exchanged, compared to its average volume of 1,068,827. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.23 and a quick ratio of 0.23. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10. The stock has a fifty day moving average of $62.68 and a two-hundred day moving average of $60.87. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 6.35 and a beta of 0.78.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). W.P. Carey had a return on equity of 5.02% and a net margin of 26.66%. The firm had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. During the same period in the previous year, the company earned $1.14 earnings per share. W.P. Carey's revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.62%. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date was Monday, June 30th. W.P. Carey's dividend payout ratio is presently 185.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WPC. Evercore ISI lifted their price objective on W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. UBS Group dropped their price target on W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada boosted their price target 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. Barclays set a $61.00 price target on W.P. Carey and gave the company an "underweight" rating in a research note on Wednesday, May 21st. Finally, BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target on the stock in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $104.22.

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.