Avior Wealth Management LLC Sells 244 Shares of W. P. Carey Inc. (NYSE:WPC)

Avior Wealth Management LLC trimmed its holdings in W. P. Carey Inc. (NYSE:WPC) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,932 shares of the real estate investment trust’s stock after selling 244 shares during the period. Avior Wealth Management LLC’s holdings in W. P. Carey were worth $125,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in W. P. Carey in the first quarter worth approximately $26,000. Acadian Asset Management LLC bought a new stake in W. P. Carey in the first quarter worth approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of W. P. Carey during the 4th quarter worth $32,000. Quarry LP boosted its holdings in shares of W. P. Carey by 438.5% during the 2nd quarter. Quarry LP now owns 420 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 342 shares during the period. Finally, Central Bank & Trust Co. bought a new stake in shares of W. P. Carey during the 4th quarter worth $28,000. 73.73% of the stock is owned by institutional investors.

W. P. Carey Trading Up 2.9 %

Shares of WPC stock opened at $56.21 on Friday. W. P. Carey Inc. has a 52-week low of $51.36 and a 52-week high of $74.66. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 0.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a fifty day moving average of $56.06 and a 200-day moving average of $58.72.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $413.04 million. During the same quarter in the prior year, the company posted $1.29 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that W. P. Carey Inc. will post 4.57 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.865 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.16%. W. P. Carey’s dividend payout ratio is currently 104.85%.

Analyst Upgrades and Downgrades

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