U.S. Capital Wealth Advisors LLC Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

U.S. Capital Wealth Advisors LLC acquired a new stake in W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 48,944 shares of the real estate investment trust’s stock, valued at approximately $2,666,000.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC bought a new position in shares of W. P. Carey during the 2nd quarter worth about $4,043,000. Quarry LP raised its stake in W. P. Carey by 175.9% during the 2nd quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 357 shares during the period. Sanctuary Advisors LLC bought a new position in W. P. Carey in the second quarter worth approximately $1,990,000. Massmutual Trust Co. FSB ADV increased its holdings 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 in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of W. P. Carey by 48.9% during the third quarter. Handelsbanken Fonder AB now owns 65,200 shares of the real estate investment trust’s stock worth $4,062,000 after purchasing an additional 21,400 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. UBS Group decreased their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Barclays reaffirmed an “underweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. Finally, Scotiabank decreased their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.43.

W. P. Carey Price Performance

Shares of NYSE WPC opened at $55.38 on Tuesday. The company has a market capitalization of $12.12 billion, a PE ratio of 21.80, a PEG ratio of 1.01 and a beta of 0.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $55.40 and its 200-day moving average price is $57.74. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 6.36%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is currently 138.58%.

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.