Hantz Financial Services Inc. Cuts Position in W. P. Carey Inc. (NYSE:WPC)

Hantz Financial Services Inc. cut its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,530 shares of the real estate investment trust’s stock after selling 1,957 shares during the quarter. Hantz Financial Services Inc.’s holdings in W. P. Carey were worth $2,535,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quarry LP boosted its holdings in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 357 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of W. P. Carey in the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV increased its stake in W. P. Carey by 35.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in W. P. Carey by 2,374.1% during the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

WPC has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. Scotiabank reduced their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Barclays reiterated an “underweight” rating and issued a $59.00 price target (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. Finally, UBS Group reduced their target price on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.43.

W. P. Carey Trading Up 1.7 %

Shares of W. P. Carey stock opened at $55.62 on Friday. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26. The business’s fifty day moving average is $55.46 and its two-hundred day moving average is $57.80. 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 firm has a market cap of $12.17 billion, a PE ratio of 21.90, a P/E/G ratio of 1.00 and a beta of 0.97.

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 the consensus estimate of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to analysts’ expectations of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. Analysts anticipate that W. P. Carey Inc. will post 4.49 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 6.33%. W. P. Carey’s dividend payout ratio is 138.58%.

About W. P. Carey

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.