Maia Wealth LLC Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

Maia Wealth LLC bought a new position in W. P. Carey Inc. (NYSE:WPC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 650 shares of the real estate investment trust’s stock, valued at approximately $40,000.

A number of other large investors also recently modified their holdings of WPC. HB Wealth Management LLC raised its holdings in W. P. Carey by 247.3% during the 2nd quarter. HB Wealth Management LLC now owns 12,419 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 8,843 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of W. P. Carey by 41.9% during the third quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock worth $9,742,000 after buying an additional 46,181 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in W. P. Carey by 69.5% in the second quarter. EverSource Wealth Advisors LLC now owns 22,819 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 9,353 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in W. P. Carey by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 456,149 shares of the real estate investment trust’s stock valued at $25,749,000 after buying an additional 9,324 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in W. P. Carey by 9.8% in the second quarter. QRG Capital Management Inc. now owns 108,156 shares of the real estate investment trust’s stock valued at $5,954,000 after acquiring an additional 9,619 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPC has been the topic of a number of analyst reports. Royal Bank of Canada cut their price target on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Evercore ISI raised their target price on W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Scotiabank decreased their target price on W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Barclays increased their price target on shares of W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, UBS Group boosted their price objective on shares of W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey has a consensus rating of “Hold” and an average target price of $63.25.

W. P. Carey Price Performance

NYSE WPC opened at $55.73 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.03 and a beta of 0.95. The business has a 50 day simple moving average of $60.11 and a 200 day simple moving average of $58.20. W. P. Carey Inc. has a 52-week low of $53.01 and a 52-week high of $67.40.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million for the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The firm’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS. Analysts anticipate that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.875 per share. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Monday, September 30th. W. P. Carey’s dividend payout ratio is currently 137.80%.

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.