W.P. Carey Inc. $WPC Holdings Lifted by TruWealth Advisors LLC

TruWealth Advisors LLC increased its position in shares of W.P. Carey Inc. (NYSE:WPC) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,304 shares of the real estate investment trust’s stock after acquiring an additional 39,347 shares during the period. TruWealth Advisors LLC’s holdings in W.P. Carey were worth $19,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. HighTower Advisors LLC raised its holdings in shares of W.P. Carey by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 47,885 shares of the real estate investment trust’s stock worth $3,022,000 after purchasing an additional 3,504 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in W.P. Carey by 31.9% during the first quarter. Russell Investments Group Ltd. now owns 110,157 shares of the real estate investment trust’s stock worth $6,950,000 after buying an additional 26,663 shares in the last quarter. Aberdeen Group plc grew its position in W.P. Carey by 1.4% in the first quarter. Aberdeen Group plc now owns 125,957 shares of the real estate investment trust’s stock worth $7,934,000 after buying an additional 1,728 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of W.P. Carey by 10.2% in the first quarter. American Century Companies Inc. now owns 72,070 shares of the real estate investment trust’s stock valued at $4,548,000 after buying an additional 6,685 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of W.P. Carey by 1.5% during the 1st quarter. Raymond James Financial Inc. now owns 585,621 shares of the real estate investment trust’s stock valued at $36,959,000 after acquiring an additional 8,482 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Up 1.2%

NYSE:WPC opened at $65.76 on Tuesday. The business’s fifty day moving average price is $66.87 and its 200 day moving average price is $65.66. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 6.08 and a beta of 0.78. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $431.30 million during the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, sell-side analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.92 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 5.6%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio (DPR) is currently 220.61%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WPC shares. Scotiabank lifted their target price on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a report on Friday, September 5th. Evercore ISI decreased their price target on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $69.00 price target on shares of W.P. Carey in a research note on Monday, December 8th. Barclays upped their price objective on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.50.

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.