Inspire Investing LLC Decreases Stake in W. P. Carey Inc. (NYSE:WPC)

Inspire Investing LLC lessened its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,935 shares of the real estate investment trust’s stock after selling 797 shares during the quarter. Inspire Investing LLC’s holdings in W. P. Carey were worth $1,304,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV increased its position in shares of W. P. Carey by 35.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 172 shares in the last quarter. Harbour Investments Inc. boosted its position in W. P. Carey by 5.9% during the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 203 shares during the period. Creative Planning increased its holdings in W. P. Carey by 0.3% in the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC increased its holdings in W. P. Carey by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 212 shares in the last quarter. Finally, Demars Financial Group LLC raised its position in W. P. Carey by 2.2% in the third quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Down 0.6 %

WPC opened at $54.83 on Friday. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $65.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $12.00 billion, a PE ratio of 21.59, a P/E/G ratio of 1.03 and a beta of 0.97. The firm’s fifty day moving average price is $55.54 and its 200 day moving average price is $57.82.

W. P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). The company had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. As a group, research analysts expect that W. P. Carey Inc. will post 4.5 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 6.42%. W. P. Carey’s dividend payout ratio (DPR) is presently 138.58%.

Wall Street Analysts Forecast Growth

WPC has been the subject of several analyst reports. UBS Group decreased their target price on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Scotiabank decreased their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. Finally, Barclays reaffirmed an “underweight” rating and set a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.43.

W. P. Carey Company 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.