Arkadios Wealth Advisors Has $2.24 Million Holdings in W.P. Carey Inc. $WPC

Arkadios Wealth Advisors lifted its holdings in W.P. Carey Inc. (NYSE:WPC) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,945 shares of the real estate investment trust’s stock after acquiring an additional 504 shares during the quarter. Arkadios Wealth Advisors’ holdings in W.P. Carey were worth $2,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. von Borstel & Associates Inc. acquired a new position in shares of W.P. Carey in the 1st quarter worth approximately $26,000. TCTC Holdings LLC boosted its holdings in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 242 shares in the last quarter. Cheviot Value Management LLC acquired a new position in W.P. Carey during the 1st quarter worth $37,000. V Square Quantitative Management LLC acquired a new position in W.P. Carey during the 2nd quarter worth $40,000. Finally, REAP Financial Group LLC lifted its holdings in W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 238 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

WPC stock opened at $65.39 on Friday. The business’s fifty day moving average is $67.46 and its 200-day moving average is $64.44. The company has a quick ratio of 0.19, a current ratio of 0.25 and a debt-to-equity ratio of 1.02. The company has a market cap of $14.32 billion, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 9.57 and a beta of 0.81. W.P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $69.79.

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, beating 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 return on equity of 4.40% and a net margin of 21.75%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Equities research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.91 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.6%. W.P. Carey’s dividend payout ratio (DPR) is currently 220.61%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WPC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, October 8th. Scotiabank upped their price objective on W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a report on Friday, September 5th. Evercore ISI upped their price objective on W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a report on Thursday. UBS Group upped their price objective on W.P. Carey from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Finally, Royal Bank Of Canada upped their price objective on W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.89.

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.