Barlow Wealth Partners Inc. Makes New $327,000 Investment in W. P. Carey Inc. (NYSE:WPC)

Barlow Wealth Partners Inc. bought a new stake in W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,049 shares of the real estate investment trust’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WPC. Central Bank & Trust Co. purchased a new stake in W. P. Carey in the 4th quarter valued at approximately $28,000. FNY Investment Advisers LLC purchased a new stake in shares of W. P. Carey in the fourth quarter valued at approximately $32,000. Covestor Ltd grew its holdings in W. P. Carey by 316.5% during the third quarter. Covestor Ltd now owns 783 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 595 shares during the period. First Horizon Advisors Inc. acquired a new position in W. P. Carey during the third quarter worth $45,000. Finally, Provence Wealth Management Group purchased a new position in W. P. Carey in the third quarter worth $46,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their target price on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 20th. Scotiabank dropped 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 report on Monday, March 4th. Barclays initiated coverage on W. P. Carey in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Raymond James downgraded W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.18.

W. P. Carey Price Performance

W. P. Carey stock traded up $0.14 during midday trading on Tuesday, reaching $57.77. 1,485,888 shares of the company were exchanged, compared to its average volume of 1,363,409. The firm’s 50-day simple moving average is $55.93 and its 200-day simple moving average is $58.93. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $73.60. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 0.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. The business had revenue of $410.38 million during the quarter, compared to the consensus estimate of $413.04 million. W. P. Carey had a net margin of 33.65% and a return on equity of 6.41%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, analysts anticipate that W. P. Carey Inc. will post 4.53 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.865 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s dividend payout ratio is currently 131.56%.

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.