Orion Capital Management LLC Acquires Shares of 10,680 W.P. Carey Inc. $WPC

Orion Capital Management LLC acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,680 shares of the real estate investment trust’s stock, valued at approximately $722,000.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new position in shares of W.P. Carey during the second quarter worth about $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey during the 2nd quarter worth approximately $30,000. Salem Investment Counselors Inc. raised its stake in shares of W.P. Carey by 1,126.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 563 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of W.P. Carey in the 2nd quarter valued at approximately $40,000. Finally, REAP Financial Group LLC boosted its stake in shares of W.P. Carey by 56.4% in the second quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

NYSE:WPC opened at $69.35 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $15.20 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 5.85 and a beta of 0.79. The firm has a 50-day moving average price of $66.37 and a two-hundred day moving average price of $66.28. W.P. Carey Inc. has a twelve month low of $54.24 and a twelve month high of $70.28.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The business had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. During the same period in the prior year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, research analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a yield of 5.3%. W.P. Carey’s dividend payout ratio (DPR) is 223.03%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WPC. JPMorgan Chase & Co. cut their price objective on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday. Barclays set a $65.00 price objective on shares of W.P. Carey in a report on Tuesday, January 13th. Evercore ISI dropped their target price on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Finally, Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $69.00 to $70.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.70.

W.P. Carey Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.