Yousif Capital Management LLC Buys 100,044 Shares of W. P. Carey Inc. (NYSE:WPC)

Yousif Capital Management LLC raised its stake in W. P. Carey Inc. (NYSE:WPC) by 939.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,691 shares of the real estate investment trust’s stock after buying an additional 100,044 shares during the period. Yousif Capital Management LLC’s holdings in W. P. Carey were worth $7,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Raleigh Capital Management Inc. boosted its position in shares of W. P. Carey by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,053 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 191 shares in the last quarter. Gradient Capital Advisors LLC boosted its position in shares of W. P. Carey by 0.6% during the 4th quarter. Gradient Capital Advisors LLC now owns 34,180 shares of the real estate investment trust’s stock valued at $2,215,000 after purchasing an additional 199 shares in the last quarter. Capital Planning Advisors LLC boosted its position in shares of W. P. Carey by 5.5% during the 3rd quarter. Capital Planning Advisors LLC now owns 3,953 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 207 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its position in shares of W. P. Carey by 4.7% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 4,881 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 221 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of W. P. Carey by 4.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 5,058 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

WPC opened at $56.36 on Thursday. The stock has a 50-day moving average price of $56.05 and a 200-day moving average price of $58.82. W. P. Carey Inc. has a 12-month low of $51.36 and a 12-month high of $74.66. 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 stock has a market capitalization of $12.33 billion, a P/E ratio of 17.10, a PEG ratio of 0.45 and a beta of 0.86.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. The firm had revenue of $410.38 million during the quarter, compared to analysts’ expectations of $413.04 million. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities 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 business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.865 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date was Wednesday, March 27th. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s payout ratio is 104.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WPC shares. Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Royal Bank of Canada cut their price target on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Wells Fargo & Company cut their price target on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 20th. StockNews.com initiated coverage on W. P. Carey in a report on Thursday, January 4th. They issued a “hold” rating on the stock. Finally, Scotiabank cut their price target on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.36.

W. P. Carey Company 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.