WESPAC Advisors LLC Purchases New Holdings in W.P. Carey Inc. $WPC

WESPAC Advisors LLC acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,898 shares of the real estate investment trust’s stock, valued at approximately $669,000.

Several other large investors also recently modified their holdings of WPC. Exencial Wealth Advisors LLC bought a new stake in W.P. Carey during the third quarter worth about $207,000. Liberty One Investment Management LLC lifted its holdings in shares of W.P. Carey by 9.5% during the 3rd quarter. Liberty One Investment Management LLC now owns 12,329 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 1,070 shares during the period. Quent Capital LLC bought a new stake in shares of W.P. Carey during the 3rd quarter worth approximately $52,000. Nordea Investment Management AB boosted its position in shares of W.P. Carey by 22.1% during the 3rd quarter. Nordea Investment Management AB now owns 20,112 shares of the real estate investment trust’s stock worth $1,355,000 after acquiring an additional 3,636 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in W.P. Carey by 6.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,216 shares of the real estate investment trust’s stock valued at $555,000 after acquiring an additional 485 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Up 0.3%

NYSE:WPC opened at $66.97 on Wednesday. W.P. Carey Inc. has a one year low of $53.56 and a one year high of $69.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $14.68 billion, a PE ratio of 40.59, a P/E/G ratio of 5.70 and a beta of 0.79. The firm’s 50 day simple moving average is $66.02 and its 200 day simple moving average is $65.97.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm had revenue of $431.30 million during the quarter, compared to the consensus estimate of $424.44 million. During the same quarter last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.92 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio is presently 223.03%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WPC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on W.P. Carey from $69.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 7th. Evercore ISI decreased their target price on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th. Citigroup reissued a “neutral” rating on shares of W.P. Carey in a report on Wednesday. Finally, Barclays set a $65.00 price objective on shares of W.P. Carey in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.40.

W.P. Carey Company Profile

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.