W. P. Carey Inc. (NYSE:WPC) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,681 shares of the real estate investment trust's stock after selling 4,373 shares during the period. Integrated Wealth Concepts LLC's holdings in W. P. Carey were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WPC. Fuller & Thaler Asset Management Inc. increased its holdings in shares of W. P. Carey by 5.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 49,997 shares of the real estate investment trust's stock valued at $2,724,000 after purchasing an additional 2,382 shares during the last quarter. MGO One Seven LLC grew its holdings in W. P. Carey by 17.0% in the 4th quarter. MGO One Seven LLC now owns 5,156 shares of the real estate investment trust's stock valued at $281,000 after buying an additional 751 shares in the last quarter. Pinebridge Investments L.P. increased its stake in shares of W. P. Carey by 65.7% in the 4th quarter. Pinebridge Investments L.P. now owns 83,625 shares of the real estate investment trust's stock worth $4,556,000 after acquiring an additional 33,160 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of W. P. Carey by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,058,351 shares of the real estate investment trust's stock worth $57,660,000 after acquiring an additional 21,954 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of W. P. Carey by 10.6% during the 4th quarter. Stifel Financial Corp now owns 35,139 shares of the real estate investment trust's stock valued at $1,914,000 after acquiring an additional 3,355 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WPC. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Wells Fargo & Company lifted their target price on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Scotiabank increased their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Barclays raised their price objective on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 4th. Finally, Evercore ISI upped their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, W. P. Carey has an average rating of "Hold" and an average target price of $108.50.

W. P. Carey Trading Up 0.3 %

W. P. Carey stock traded up $0.20 during midday trading on Tuesday, reaching $61.72. 113,716 shares of the stock traded hands, compared to its average volume of 1,165,296. The firm has a market cap of $13.52 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $58.19. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The business had revenue of $407.44 million during the quarter, compared to analysts' expectations of $412.99 million. During the same period in the previous year, the business posted $1.14 EPS. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts expect that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 dividend yield of 5.77%. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio is currently 183.51%.

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.