W. P. Carey Inc. (NYSE:WPC) Shares Sold by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. cut its holdings in W. P. Carey Inc. (NYSE:WPC) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,454 shares of the real estate investment trust’s stock after selling 192 shares during the period. Aurora Private Wealth Inc.’s holdings in W. P. Carey were worth $624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in shares of W. P. Carey by 4.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,960 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 924 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of W. P. Carey by 8.5% during the 2nd quarter. Bank of Montreal Can now owns 33,811 shares of the real estate investment trust’s stock worth $1,871,000 after buying an additional 2,659 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in W. P. Carey by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,879 shares of the real estate investment trust’s stock valued at $2,305,000 after purchasing an additional 15,771 shares in the last quarter. AXA S.A. increased its holdings in W. P. Carey by 84.0% in the 2nd quarter. AXA S.A. now owns 104,572 shares of the real estate investment trust’s stock valued at $5,757,000 after purchasing an additional 47,744 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in W. P. Carey by 185.1% in the 2nd quarter. APG Asset Management N.V. now owns 26,647 shares of the real estate investment trust’s stock valued at $1,369,000 after purchasing an additional 17,300 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Barclays reissued an “underweight” rating and issued a $59.00 price objective (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. UBS Group reduced their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Scotiabank reduced their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.43.

W. P. Carey Trading Up 0.8 %

Shares of NYSE:WPC opened at $55.24 on Monday. The company has a 50 day moving average price of $55.53 and a 200 day moving average price of $57.86. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.00 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). The business had revenue of $394.78 million for the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. On average, research analysts anticipate that W. P. Carey Inc. will post 4.49 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 6.37%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is currently 138.58%.

W. P. Carey Company 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.