Inspirion Wealth Advisors LLC Grows Position in W.P. Carey Inc. $WPC

Inspirion Wealth Advisors LLC lifted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 43.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,179 shares of the real estate investment trust’s stock after purchasing an additional 10,300 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in W.P. Carey were worth $2,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPC. MTM Investment Management LLC purchased a new position in W.P. Carey during the second quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in shares of W.P. Carey in the 2nd quarter worth about $30,000. V Square Quantitative Management LLC bought a new position in shares of W.P. Carey in the 2nd quarter worth about $40,000. REAP Financial Group LLC lifted its position in W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 238 shares during the period. Finally, Hilltop National Bank purchased a new position in W.P. Carey during the 2nd quarter valued at about $43,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WPC. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $68.00 to $72.00 in a report on Thursday, September 11th. Evercore ISI cut their price target on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research note on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $69.00 price objective on shares of W.P. Carey in a research report on Monday, December 8th. Scotiabank boosted 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. Finally, JPMorgan Chase & Co. cut their target price on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.50.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $65.76 on Tuesday. The firm has a market cap of $14.41 billion, a P/E ratio of 39.86, a PEG ratio of 6.08 and a beta of 0.78. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $66.87 and a 200 day moving average of $65.66.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The firm had revenue of $431.30 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

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

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.