XML Financial LLC Raises Holdings in W. P. Carey Inc. (NYSE:WPC)

XML Financial LLC grew its stake in W. P. Carey Inc. (NYSE:WPC) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,817 shares of the real estate investment trust’s stock after buying an additional 1,684 shares during the quarter. XML Financial LLC’s holdings in W. P. Carey were worth $2,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HB Wealth Management LLC lifted its stake in W. P. Carey by 247.3% in the second quarter. HB Wealth Management LLC now owns 12,419 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 8,843 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of W. P. Carey by 41.9% during the 3rd quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock worth $9,742,000 after purchasing an additional 46,181 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of W. P. Carey by 69.5% during the second quarter. EverSource Wealth Advisors LLC now owns 22,819 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 9,353 shares in the last quarter. CANADA LIFE ASSURANCE Co increased 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 last quarter. Finally, QRG Capital Management Inc. raised 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 buying an additional 9,619 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $63.00 price target (up from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Evercore ISI raised their price objective on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Barclays increased their target price 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 lifted their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.25.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $56.73 on Friday. W. P. Carey Inc. has a one year low of $53.01 and a one year high of $67.40. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.03 and a beta of 0.95. The company has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $58.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00.

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

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 6.17%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date was Monday, September 30th. W. P. Carey’s dividend payout ratio (DPR) is 137.80%.

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.