Planned Solutions Inc. Buys Shares of 1,543 W. P. Carey Inc. (NYSE:WPC)

Planned Solutions Inc. bought a new position in shares of W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,543 shares of the real estate investment trust’s stock, valued at approximately $100,000.

Several other institutional investors also recently bought and sold shares of WPC. Fairfield Bush & CO. purchased a new position in W. P. Carey in the 1st quarter valued at approximately $26,000. Acadian Asset Management LLC purchased a new position in shares of W. P. Carey in the 1st quarter valued at $26,000. Central Bank & Trust Co. acquired a new stake in shares of W. P. Carey in the fourth quarter valued at approximately $28,000. Quarry LP raised its stake in W. P. Carey by 438.5% during the 2nd quarter. Quarry LP now owns 420 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 342 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of W. P. Carey during the third quarter worth about $29,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $55.98 on Thursday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.44 and a beta of 0.86. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $78.23. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $58.49 and a 200 day simple moving average of $59.17.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results 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 net margin of 40.68% and a return on equity of 7.78%. The business had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. W. P. Carey’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. As a group, sell-side analysts predict that W. P. Carey Inc. will post 4.57 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.865 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, March 27th. This represents a $3.46 annualized dividend and a yield of 6.18%. W. P. Carey’s dividend payout ratio is 104.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WPC. 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. Wells Fargo & Company decreased their price objective on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 20th. Raymond James cut W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. StockNews.com started coverage on shares of W. P. Carey in a research note on Thursday, January 4th. They set a “hold” rating on the stock. Finally, Barclays started coverage on shares of W. P. Carey in a research report on Wednesday. They issued an “equal weight” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.36.

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.