W. P. Carey Inc. (NYSE:WPC) Stock Holdings Lowered by Sawyer & Company Inc

Sawyer & Company Inc lessened its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 11.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,920 shares of the real estate investment trust’s stock after selling 775 shares during the period. Sawyer & Company Inc’s holdings in W. P. Carey were worth $323,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WPC. Geode Capital Management LLC boosted its position in shares of W. P. Carey by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,573,938 shares of the real estate investment trust’s stock valued at $284,426,000 after purchasing an additional 127,477 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in W. P. Carey by 22.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust’s stock valued at $178,401,000 after buying an additional 588,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in W. P. Carey by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,152,879 shares of the real estate investment trust’s stock worth $173,570,000 after purchasing an additional 204,064 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of W. P. Carey by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,598,618 shares of the real estate investment trust’s stock valued at $161,894,000 after purchasing an additional 103,147 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of W. P. Carey by 660.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock worth $127,969,000 after buying an additional 1,784,131 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the subject of a number of recent research reports. Wells Fargo & Company restated an “equal weight” rating and issued a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. UBS Group reduced their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Barclays restated an “underweight” rating and issued a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.57.

W. P. Carey Trading Up 0.1 %

Shares of W. P. Carey stock opened at $54.30 on Thursday. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.04 and a beta of 0.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $67.17. The firm’s 50-day moving average price is $55.53 and its two-hundred day moving average price is $57.81.

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 analysts’ consensus estimates 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 business had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. During the same quarter last year, the business earned $1.32 EPS. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts forecast that W. P. Carey Inc. will post 4.5 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 6.48%. W. P. Carey’s dividend payout ratio (DPR) is 138.58%.

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.