W.P. Carey Inc. $WPC Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 89.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,946 shares of the real estate investment trust’s stock after acquiring an additional 9,918 shares during the period. HB Wealth Management LLC’s holdings in W.P. Carey were worth $1,415,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MTM Investment Management LLC acquired a new position in shares of W.P. Carey during the 2nd quarter worth approximately $28,000. Headlands Technologies LLC purchased a new position in W.P. Carey during the second quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in shares of W.P. Carey in the second quarter worth $40,000. REAP Financial Group LLC raised its holdings in shares of W.P. Carey by 56.4% in the second quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 238 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of W.P. Carey by 1,126.0% in the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 563 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WPC. Royal Bank Of Canada lifted 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. Barclays lifted their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a research note on Thursday. Finally, Evercore ISI cut their price target on W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, W.P. Carey presently has a consensus rating of “Hold” and an average price target of $68.60.

W.P. Carey Price Performance

W.P. Carey stock opened at $66.51 on Monday. W.P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $69.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a 50 day moving average price of $65.99 and a 200 day moving average price of $65.91. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 5.70 and a beta of 0.79.

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 analysts’ consensus estimates of $1.23 by $0.02. The company had revenue of $431.30 million for the quarter, compared to the consensus estimate of $424.44 million. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. W.P. Carey’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Sell-side analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

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

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.