Campbell Wealth Management Trims Position in W. P. Carey Inc. (NYSE:WPC)

Campbell Wealth Management trimmed its position in W. P. Carey Inc. (NYSE:WPCFree Report) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,073 shares of the real estate investment trust’s stock after selling 1,783 shares during the quarter. Campbell Wealth Management’s holdings in W. P. Carey were worth $394,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in W. P. Carey by 44.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,640,966 shares of the real estate investment trust’s stock worth $235,971,000 after purchasing an additional 1,124,010 shares in the last quarter. Russell Investments Group Ltd. grew its position in W. P. Carey by 99.7% during the fourth quarter. Russell Investments Group Ltd. now owns 351,187 shares of the real estate investment trust’s stock worth $22,810,000 after buying an additional 175,347 shares in the last quarter. Principal Securities Inc. bought a new position in W. P. Carey in the 4th quarter worth about $951,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of W. P. Carey in the 3rd quarter valued at about $613,000. Finally, M&T Bank Corp boosted its position in shares of W. P. Carey by 2.7% during the 4th quarter. M&T Bank Corp now owns 31,191 shares of the real estate investment trust’s stock valued at $2,024,000 after acquiring an additional 825 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Barclays initiated coverage on shares of W. P. Carey in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective on the stock. Scotiabank cut 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 research report on Monday, March 4th. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, Wells Fargo & Company reduced their price objective on 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, W. P. Carey has a consensus rating of “Hold” and a consensus price target of $63.18.

Check Out Our Latest Report on WPC

W. P. Carey Stock Up 1.2 %

Shares of NYSE WPC traded up $0.70 on Tuesday, reaching $59.37. 855,776 shares of the company’s stock traded hands, compared to its average volume of 1,335,264. The business’s 50 day simple moving average is $56.15 and its two-hundred day simple moving average is $59.15. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $73.38. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87.

W. P. Carey (NYSE:WPCGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. W. P. Carey had a return on equity of 6.41% and a net margin of 33.65%. The company had revenue of $410.38 million during the quarter, compared to analyst estimates of $413.04 million. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that W. P. Carey Inc. will post 4.53 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.865 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 annualized dividend and a dividend yield of 5.83%. W. P. Carey’s dividend payout ratio (DPR) is presently 131.56%.

W. P. Carey Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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