LRI Investments LLC Has $812,000 Stake in W. P. Carey Inc. (NYSE:WPC)

LRI Investments LLC trimmed its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,911 shares of the real estate investment trust's stock after selling 4,603 shares during the period. LRI Investments LLC's holdings in W. P. Carey were worth $812,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. RFG Advisory LLC lifted its position in shares of W. P. Carey by 91.7% in the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust's stock worth $347,000 after buying an additional 3,049 shares during the last quarter. Sei Investments Co. raised its position in shares of W. P. Carey by 17.1% during the 4th quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust's stock worth $3,056,000 after buying an additional 8,197 shares in the last quarter. Signet Financial Management LLC bought a new stake in shares of W. P. Carey during the 4th quarter worth about $1,942,000. Arkadios Wealth Advisors grew its stake in shares of W. P. Carey by 60.7% in the 4th quarter. Arkadios Wealth Advisors now owns 30,391 shares of the real estate investment trust's stock worth $1,656,000 after purchasing an additional 11,478 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of W. P. Carey by 116.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,661 shares of the real estate investment trust's stock worth $526,000 after purchasing an additional 5,191 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Up 1.0%

WPC traded up $0.63 during trading on Friday, reaching $61.88. The company had a trading volume of 1,146,057 shares, compared to its average volume of 1,169,013. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The business's fifty day moving average price is $60.95 and its 200 day moving average price is $58.38. The company has a market cap of $13.55 billion, a P/E ratio of 29.61, a PEG ratio of 1.06 and a beta of 0.78.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly 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 net margin of 29.11% and a return on equity of 5.37%. The company had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. During the same period in the previous year, the firm posted $1.14 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is currently 183.51%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays raised their target price on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. Finally, Evercore ISI raised their price objective on W. P. Carey from $60.00 to $64.00 and gave the stock 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 issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $108.88.

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.