Xponance Inc. Grows Position in W. P. Carey Inc. (NYSE:WPC)

Xponance Inc. boosted its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 226.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,598 shares of the real estate investment trust’s stock after purchasing an additional 18,450 shares during the period. Xponance Inc.’s holdings in W. P. Carey were worth $1,724,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Central Bank & Trust Co. purchased a new stake in W. P. Carey during the 4th quarter worth approximately $28,000. FNY Investment Advisers LLC purchased a new stake in W. P. Carey during the 4th quarter worth approximately $32,000. Covestor Ltd grew its position in W. P. Carey by 316.5% during the 3rd quarter. Covestor Ltd now owns 783 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 595 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in W. P. Carey during the 3rd quarter worth approximately $45,000. Finally, Provence Wealth Management Group purchased a new stake in W. P. Carey during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Performance

WPC opened at $56.30 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a fifty day moving average price of $56.05 and a 200 day moving average price of $58.80. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $74.66. The stock has a market cap of $12.32 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.45 and a beta of 0.86.

W. P. Carey (NYSE:WPC) last posted its earnings results on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.14. W. P. Carey had a net margin of 40.68% and a return on equity of 7.78%. The firm had revenue of $410.38 million during the quarter, compared to analysts’ expectations of $413.04 million. During the same period in the previous year, the business posted $1.29 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that W. P. Carey Inc. will post 4.57 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.865 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 dividend on an annualized basis and a yield of 6.15%. W. P. Carey’s dividend payout ratio is currently 104.85%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Raymond James downgraded shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Barclays began coverage on shares of W. P. Carey in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. StockNews.com began coverage on shares of W. P. Carey in a research note on Thursday, January 4th. They set a “hold” rating for the company. Royal Bank of Canada decreased their price objective on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.36.

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.