Demars Financial Group LLC Has $672,000 Stock Holdings in W.P. Carey Inc. $WPC

Demars Financial Group LLC lowered its holdings in W.P. Carey Inc. (NYSE:WPC) by 44.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,951 shares of the real estate investment trust’s stock after selling 8,077 shares during the quarter. Demars Financial Group LLC’s holdings in W.P. Carey were worth $672,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in shares of W.P. Carey in the second quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey during the 2nd quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in W.P. Carey in the 2nd quarter valued at $40,000. REAP Financial Group LLC boosted its holdings in W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in W.P. Carey by 1,126.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 563 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Royal Bank Of Canada raised 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, January 7th. Citigroup boosted their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Barclays set a $65.00 target price on W.P. Carey in a research note on Tuesday, January 13th. Finally, Evercore ISI decreased their price target on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.45.

W.P. Carey Price Performance

W.P. Carey stock opened at $69.92 on Wednesday. The business has a 50 day simple moving average of $66.27 and a 200 day simple moving average of $66.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $15.32 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 5.99 and a beta of 0.79. W.P. Carey Inc. has a one year low of $53.93 and a one year high of $70.28.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million during the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. On average, sell-side analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s payout ratio is 223.03%.

W.P. Carey Profile

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.