Impact Partnership Wealth LLC Boosts Position in W. P. Carey Inc. (NYSE:WPC)

Impact Partnership Wealth LLC increased its holdings in W. P. Carey Inc. (NYSE:WPC) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,299 shares of the real estate investment trust’s stock after acquiring an additional 289 shares during the period. Impact Partnership Wealth LLC’s holdings in W. P. Carey were worth $452,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WPC. Quarry LP lifted its position in shares of W. P. Carey by 175.9% in the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 357 shares during the period. Maia Wealth LLC purchased a new stake in W. P. Carey in the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV boosted its position in W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of W. P. Carey by 2,374.1% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 641 shares during the period. Finally, Fortitude Family Office LLC raised its position in shares of W. P. Carey by 962.5% in the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 616 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WPC shares. Wells Fargo & Company restated an “equal weight” rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research report 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 reissued an “underweight” rating and set a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, Scotiabank reduced their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.43.

W. P. Carey Price Performance

NYSE WPC opened at $55.24 on Friday. The stock has a 50-day moving average of $55.53 and a 200 day moving average of $57.82. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $64.81. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.00 and a beta of 0.97. 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 issued its earnings results 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 during the quarter, compared to analysts’ expectations of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. On average, sell-side analysts forecast that W. P. Carey Inc. will post 4.49 EPS for the current year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 6.37%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is presently 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.