W. P. Carey Inc. (NYSE:WPC) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,419 shares of the real estate investment trust’s stock after buying an additional 1,215 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in W. P. Carey were worth $4,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its position in W. P. Carey by 44.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,640,966 shares of the real estate investment trust’s stock valued at $235,971,000 after buying an additional 1,124,010 shares during the period. Legal & General Group Plc grew its position in W. P. Carey by 1.3% during the third quarter. Legal & General Group Plc now owns 2,835,656 shares of the real estate investment trust’s stock valued at $153,352,000 after buying an additional 37,055 shares during the period. Charles Schwab Investment Management Inc. grew its position in W. P. Carey by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,056 shares of the real estate investment trust’s stock valued at $126,388,000 after buying an additional 12,982 shares during the period. Massachusetts Financial Services Co. MA grew its position in W. P. Carey by 17.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,285,355 shares of the real estate investment trust’s stock valued at $123,592,000 after buying an additional 334,635 shares during the period. Finally, PGGM Investments grew its position in W. P. Carey by 7.3% during the third quarter. PGGM Investments now owns 2,108,963 shares of the real estate investment trust’s stock valued at $114,053,000 after buying an additional 142,649 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Performance

WPC opened at $55.00 on Friday. The firm has a market capitalization of $12.04 billion, a PE ratio of 16.67, a PEG ratio of 0.44 and a beta of 0.86. W. P. Carey Inc. has a twelve month low of $51.36 and a twelve month high of $74.66. The firm’s 50-day moving average price is $56.04 and its 200 day moving average price is $58.79. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.89.

W. P. Carey (NYSE:WPC) last issued its earnings results on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. During the same period in the previous year, the firm earned $1.29 earnings per share. W. P. Carey’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that W. P. Carey Inc. will post 4.56 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.865 per share. The ex-dividend date was Wednesday, March 27th. This is an increase 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 6.29%. W. P. Carey’s payout ratio is 104.85%.

Analysts Set New Price Targets

WPC has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 20th. Royal Bank of Canada dropped their target price on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Raymond James lowered shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Scotiabank dropped their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Finally, StockNews.com initiated coverage on shares of W. P. Carey in a research report on Thursday, January 4th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, W. P. Carey presently has a consensus rating of “Hold” and a consensus price target of $63.36.

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.