W. P. Carey Inc. (NYSE:WPC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,767 shares of the real estate investment trust’s stock after selling 673 shares during the quarter. Natixis Advisors LLC’s holdings in W. P. Carey were worth $1,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WPC. Massmutual Trust Co. FSB ADV raised its holdings in W. P. Carey by 93.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 479 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 231 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of W. P. Carey by 1,510.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 453 shares in the last quarter. Quarry LP grew its holdings in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 357 shares during the period. Lynx Investment Advisory purchased a new position in W. P. Carey in the second quarter worth $34,000. Finally, EdgeRock Capital LLC acquired a new stake in W. P. Carey in the second quarter valued at $39,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Up 0.8 %

Shares of WPC stock opened at $57.58 on Tuesday. W. P. Carey Inc. has a twelve month low of $53.09 and a twelve month high of $67.40. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.06 and a beta of 0.95. The firm has a 50-day moving average price of $58.95 and a 200 day moving average price of $58.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data 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 firm had revenue of $394.78 million for the quarter, compared to analysts’ expectations of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. Research analysts forecast that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a yield of 6.08%. W. P. Carey’s dividend payout ratio is 137.80%.

Wall Street Analyst Weigh In

A number of analysts recently commented on WPC shares. Royal Bank of Canada decreased their price objective on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Evercore ISI boosted their price target on W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. UBS Group decreased their target price on 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. Finally, Scotiabank dropped their price target on W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey presently has a consensus rating of “Hold” and a consensus price target of $62.88.

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.