EP Wealth Advisors LLC Has $327,000 Stock Position in W. P. Carey Inc. (NYSE:WPC)

EP Wealth Advisors LLC decreased its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,048 shares of the real estate investment trust’s stock after selling 636 shares during the quarter. EP Wealth Advisors LLC’s holdings in W. P. Carey were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First United Bank & Trust acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $27,000. Central Bank & Trust Co. acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $28,000. FNY Investment Advisers LLC acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $32,000. EdgeRock Capital LLC acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $32,000. Finally, Tidemark LLC acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Performance

NYSE:WPC opened at $55.22 on Thursday. The stock has a fifty day moving average price of $56.58 and a 200-day moving average price of $59.17. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. W. P. Carey Inc. has a fifty-two week low of $51.36 and a fifty-two week high of $73.38.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.30%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date is Friday, June 28th. W. P. Carey’s dividend payout ratio is presently 131.56%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 30th. Royal Bank of Canada decreased their price objective on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Scotiabank upped their price objective on W. P. Carey from $55.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Barclays started coverage on W. P. Carey in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Finally, UBS Group started coverage on W. P. Carey in a report on Friday, May 31st. They issued a “neutral” rating and a $57.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.55.

About W. P. Carey

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.