Stratos Wealth Partners LTD. Boosts Stock Position in W.P. Carey Inc. $WPC

Stratos Wealth Partners LTD. raised its holdings in W.P. Carey Inc. (NYSE:WPC) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,441 shares of the real estate investment trust’s stock after buying an additional 1,938 shares during the period. Stratos Wealth Partners LTD.’s holdings in W.P. Carey were worth $838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of W.P. Carey by 274.7% during the first quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust’s stock valued at $322,630,000 after purchasing an additional 3,747,898 shares during the period. Massachusetts Financial Services Co. MA increased its stake in W.P. Carey by 4.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust’s stock worth $266,224,000 after buying an additional 195,466 shares during the period. Northern Trust Corp lifted its holdings in W.P. Carey by 2.1% during the 1st quarter. Northern Trust Corp now owns 2,696,844 shares of the real estate investment trust’s stock valued at $170,198,000 after buying an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in W.P. Carey by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,662,310 shares of the real estate investment trust’s stock valued at $168,018,000 after buying an additional 20,495 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in W.P. Carey by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,257,017 shares of the real estate investment trust’s stock valued at $142,440,000 after buying an additional 68,414 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W.P. Carey Stock Up 0.2%

Shares of NYSE WPC opened at $67.62 on Thursday. W.P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $69.79. The stock’s fifty day simple moving average is $67.34 and its two-hundred day simple moving average is $64.00. The stock has a market capitalization of $14.81 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 9.77 and a beta of 0.81. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The firm had revenue of $430.78 million during the quarter, compared to analysts’ expectations of $420.99 million. During the same period in the prior year, the business posted $1.17 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. W.P. Carey’s payout ratio is presently 239.47%.

Wall Street Analysts Forecast Growth

WPC has been the topic of a number of research reports. Barclays raised their target price on shares of W.P. Carey from $64.00 to $66.00 and gave the stock an “underweight” rating in a research report on Monday. Royal Bank Of Canada raised their price objective on W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. UBS Group upped their target price on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company upgraded W.P. Carey from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $68.00 to $72.00 in a report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.44.

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.