50,926 Shares in W. P. Carey Inc. (NYSE:WPC) Acquired by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC bought a new stake in W. P. Carey Inc. (NYSE:WPC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,926 shares of the real estate investment trust’s stock, valued at approximately $3,173,000. W. P. Carey makes up 3.2% of Graham Capital Wealth Management LLC’s holdings, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in shares of W. P. Carey in the first quarter valued at approximately $26,000. Massmutual Trust Co. FSB ADV raised its stake in shares of W. P. Carey by 93.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 479 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 231 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of W. P. Carey by 1,510.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 453 shares during the period. Quarry LP grew its stake in shares of W. P. Carey by 175.9% in the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 357 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in W. P. Carey in the second quarter valued at $34,000. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Down 2.2 %

Shares of NYSE:WPC traded down $1.27 during midday trading on Friday, hitting $57.28. 975,363 shares of the company’s stock were exchanged, compared to its average volume of 1,208,532. W. P. Carey Inc. has a 12 month low of $51.60 and a 12 month high of $67.40. The company has a market cap of $12.53 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a 50 day moving average price of $60.71 and a 200-day moving average price of $58.15.

W. P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.47). The company had revenue of $389.70 million during the quarter, compared to the consensus estimate of $381.39 million. W. P. Carey had a net margin of 34.83% and a return on equity of 6.50%. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, sell-side analysts anticipate that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a yield of 6.11%. W. P. Carey’s payout ratio is 133.08%.

Analyst Upgrades and Downgrades

WPC has been the topic of a number of analyst reports. Barclays upped their price target on W. P. Carey from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Royal Bank of Canada dropped their target price on shares of W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. UBS Group lifted their price objective on W. P. Carey from $57.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $63.00 target price (up previously from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Finally, Scotiabank dropped their price target on W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating on the stock 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 price target of $63.25.

Insiders Place Their Bets

In other W. P. Carey news, Director Mark A. Alexander bought 3,500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the purchase, the director now directly owns 38,124 shares of the company’s stock, valued at approximately $2,129,987.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by insiders.

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.