Campbell Wealth Management Raises Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Campbell Wealth Management grew its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 29.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,856 shares of the real estate investment trust’s stock after acquiring an additional 1,783 shares during the period. Campbell Wealth Management’s holdings in W. P. Carey were worth $428,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new stake in W. P. Carey during the fourth quarter valued at approximately $37,000. Maia Wealth LLC bought a new position in W. P. Carey during the 3rd quarter worth approximately $40,000. Abich Financial Wealth Management LLC increased its stake in shares of W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 641 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of W. P. Carey during the third quarter valued at approximately $44,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Up 2.1 %

Shares of NYSE:WPC opened at $58.89 on Friday. The firm has a market capitalization of $12.89 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The business has a 50 day simple moving average of $55.39 and a two-hundred day simple moving average of $57.61. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $64.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00.

W. P. Carey Increases Dividend

The firm also recently disclosed 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 5.98%. The ex-dividend date was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is 168.42%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WPC. Barclays dropped their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Scotiabank decreased their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Thursday. Finally, 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 report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and a consensus target price of $62.00.

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.