Campbell Wealth Management Sells 1,783 Shares of W. P. Carey Inc. (NYSE:WPC)

Campbell Wealth Management cut its holdings in W. P. Carey Inc. (NYSE:WPC) by 22.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,073 shares of the real estate investment trust’s stock after selling 1,783 shares during the period. Campbell Wealth Management’s holdings in W. P. Carey were worth $378,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of W. P. Carey by 35.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 172 shares during the last quarter. Catalytic Wealth RIA LLC raised its stake in shares of W. P. Carey by 5.2% during the second quarter. Catalytic Wealth RIA LLC now owns 4,033 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 198 shares during the last quarter. Kowal Investment Group LLC raised its stake in shares of W. P. Carey by 3.4% during the second quarter. Kowal Investment Group LLC now owns 6,070 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 199 shares during the last quarter. Creative Planning raised its stake in shares of W. P. Carey by 0.3% during the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after acquiring an additional 207 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of W. P. Carey by 9.5% during the third quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 212 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Alexander bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the completion of the acquisition, the director now owns 38,124 shares of the company’s stock, valued at $2,129,987.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

W. P. Carey Trading Down 1.1 %

NYSE:WPC opened at $55.13 on Friday. The company’s 50 day moving average price is $60.54 and its 200-day moving average price is $58.16. W. P. Carey Inc. has a 52 week low of $53.01 and a 52 week high of $67.40. The company has a quick ratio of 1.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.05 and a beta of 0.94.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm had revenue of $394.78 million for the quarter, compared to analysts’ expectations of $377.43 million. During the same quarter in the previous year, the company earned $1.32 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts forecast that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.875 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.50 annualized dividend and a yield of 6.35%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio (DPR) is currently 137.80%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of W. P. Carey from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. UBS Group increased their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Royal Bank of Canada decreased their price target on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Finally, Scotiabank decreased their price target on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.25.

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.