Clarion Wealth Managment Partners LLC Takes Position in W.P. Carey Inc. $WPC

Clarion Wealth Managment Partners LLC purchased a new stake in W.P. Carey Inc. (NYSE:WPC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,084 shares of the real estate investment trust’s stock, valued at approximately $1,315,000. W.P. Carey makes up approximately 1.4% of Clarion Wealth Managment Partners LLC’s portfolio, making the stock its 17th largest position.

A number of other large investors have also recently added to or reduced their stakes in WPC. MTM Investment Management LLC acquired a new position in W.P. Carey in the second quarter worth about $28,000. Headlands Technologies LLC bought a new position in shares of W.P. Carey during the second quarter worth about $30,000. V Square Quantitative Management LLC bought a new stake in shares of W.P. Carey during the second quarter valued at approximately $40,000. REAP Financial Group LLC raised its stake in W.P. Carey by 56.4% during the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 238 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in W.P. Carey in the second quarter worth about $43,000. 73.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WPC. JPMorgan Chase & Co. lowered their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Scotiabank lifted their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. Wells Fargo & Company raised shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Royal Bank Of Canada reissued a “sector perform” rating and set a $69.00 price target on shares of W.P. Carey in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.60.

W.P. Carey Price Performance

Shares of W.P. Carey stock opened at $65.00 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. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $69.79. The firm has a fifty day simple moving average of $66.92 and a 200-day simple moving average of $65.62. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 6.08 and a beta of 0.78.

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

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.91 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 30th. W.P. Carey’s dividend payout ratio (DPR) is currently 220.61%.

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.