W. P. Carey Inc. (NYSE:WPC) Position Lowered by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. decreased its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,219 shares of the real estate investment trust’s stock after selling 218 shares during the period. Avantax Planning Partners Inc.’s holdings in W. P. Carey were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Assetmark Inc. lifted its holdings in W. P. Carey by 3.1% in the third quarter. Assetmark Inc. now owns 10,013 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 304 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in W. P. Carey by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 15,081 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 928 shares during the last quarter. Harbour Investments Inc. lifted its holdings in W. P. Carey by 5.9% in the third quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 203 shares during the last quarter. GSA Capital Partners LLP bought a new position in W. P. Carey in the third quarter worth about $520,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in W. P. Carey by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 650,609 shares of the real estate investment trust’s stock worth $40,533,000 after acquiring an additional 8,049 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

NYSE WPC opened at $61.97 on Thursday. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $13.56 billion, a PE ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95. The company’s 50 day simple moving average is $58.12 and its 200 day simple moving average is $58.25.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Barclays raised their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, March 4th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price target on W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.75.

W. P. Carey Company 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.