163,031 Shares in W.P. Carey Inc. $WPC Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC purchased a new stake in W.P. Carey Inc. (NYSE:WPC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 163,031 shares of the real estate investment trust’s stock, valued at approximately $11,016,000. Tectonic Advisors LLC owned about 0.07% of W.P. Carey as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. MTM Investment Management LLC purchased a new position in shares of W.P. Carey during the 2nd quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in shares of W.P. Carey in the second quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in W.P. Carey in the second quarter valued at $40,000. REAP Financial Group LLC boosted its stake 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 last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in W.P. Carey by 1,126.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 563 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Down 1.3%

NYSE:WPC opened at $64.42 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $66.06 and a 200-day moving average of $65.79. The firm has a market capitalization of $14.12 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 6.02 and a beta of 0.79. W.P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $69.79.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The business had revenue of $431.30 million for the quarter, compared to the consensus estimate 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 revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.92 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, December 31st. W.P. Carey’s payout ratio is currently 223.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WPC shares. JPMorgan Chase & Co. cut their target price on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Scotiabank upped their price objective on W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Friday, September 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $69.00 target price on shares of W.P. Carey in a research report on Monday, December 8th. Finally, Barclays boosted their price target on W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, W.P. Carey presently has a consensus rating of “Hold” and an average price target of $68.50.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.