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

Teamwork Financial Advisors LLC trimmed its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,038 shares of the real estate investment trust’s stock after selling 343 shares during the period. Teamwork Financial Advisors LLC’s holdings in W. P. Carey were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its stake in shares of W. P. Carey by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 63,802 shares of the real estate investment trust’s stock worth $3,512,000 after buying an additional 4,766 shares during the last quarter. AE Wealth Management LLC raised its position in W. P. Carey by 20.0% during the second quarter. AE Wealth Management LLC now owns 9,778 shares of the real estate investment trust’s stock worth $538,000 after acquiring an additional 1,631 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of W. P. Carey by 33.1% in the second quarter. Thrivent Financial for Lutherans now owns 94,838 shares of the real estate investment trust’s stock valued at $5,221,000 after purchasing an additional 23,568 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of W. P. Carey by 56.8% in the second quarter. Ensign Peak Advisors Inc now owns 112,330 shares of the real estate investment trust’s stock valued at $6,184,000 after purchasing an additional 40,710 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of W. P. Carey by 4.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,960 shares of the real estate investment trust’s stock worth $1,209,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WPC. Scotiabank lowered their target price 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 Friday, January 10th. Barclays restated an “underweight” rating and issued a $59.00 target price (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. UBS Group lowered their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $63.00 price objective (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and a consensus target price of $62.43.

W. P. Carey Stock Performance

Shares of WPC stock opened at $55.14 on Thursday. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. The company has a 50 day moving average price of $55.54 and a 200 day moving average price of $57.85. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $65.76. 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 for the quarter, missing the consensus estimate of $1.13 by ($0.62). The firm 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 quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. Sell-side analysts anticipate that W. P. Carey Inc. will post 4.5 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 6.38%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s payout ratio is 138.58%.

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.