Atria Wealth Solutions Inc. Has $4.64 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Atria Wealth Solutions Inc. boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 71,419 shares of the real estate investment trust’s stock after buying an additional 1,215 shares during the period. Atria Wealth Solutions Inc.’s holdings in W. P. Carey were worth $4,640,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WPC. Avior Wealth Management LLC lifted its holdings in shares of W. P. Carey by 12.2% during the 3rd quarter. Avior Wealth Management LLC now owns 2,176 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 237 shares during the last quarter. Oak Thistle LLC acquired a new stake in W. P. Carey in the third quarter valued at approximately $619,000. Accel Wealth Management bought a new stake in W. P. Carey in the third quarter worth approximately $527,000. Bfsg LLC increased its stake in shares of W. P. Carey by 61.8% during the 3rd quarter. Bfsg LLC now owns 14,589 shares of the real estate investment trust’s stock worth $789,000 after purchasing an additional 5,574 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its holdings in shares of W. P. Carey by 2.3% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 106,061 shares of the real estate investment trust’s stock valued at $5,736,000 after purchasing an additional 2,386 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on WPC. 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 report on Tuesday, February 20th. Barclays started coverage on W. P. Carey in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. Royal Bank of Canada cut their price objective on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Finally, StockNews.com started coverage on W. P. Carey in a report on Thursday, January 4th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.36.

W. P. Carey Stock Performance

Shares of NYSE WPC opened at $55.00 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $56.04 and its two-hundred day moving average is $58.79. The company has a market cap of $12.04 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.44 and a beta of 0.86. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $74.66.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. The company had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, equities analysts expect that W. P. Carey Inc. will post 4.56 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.865 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 annualized dividend and a yield of 6.29%. The ex-dividend date was Wednesday, March 27th. W. P. Carey’s payout ratio is currently 104.85%.

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.