Demars Financial Group LLC Has $672,000 Holdings in W.P. Carey Inc. $WPC

Demars Financial Group LLC trimmed its position in W.P. Carey Inc. (NYSE:WPC) by 44.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,951 shares of the real estate investment trust’s stock after selling 8,077 shares during the quarter. Demars Financial Group LLC’s holdings in W.P. Carey were worth $672,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. grew its position in W.P. Carey by 7.6% during the 2nd quarter. UMB Bank n.a. now owns 3,211 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 228 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in shares of W.P. Carey by 33.5% in the second quarter. Silver Oak Securities Incorporated now owns 6,577 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 1,649 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of W.P. Carey by 12.0% during the second quarter. Farther Finance Advisors LLC now owns 6,117 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 653 shares in the last quarter. Park Avenue Securities LLC acquired a new position in W.P. Carey during the second quarter valued at $519,000. Finally, GAMMA Investing LLC raised its position in W.P. Carey by 27.9% during the second quarter. GAMMA Investing LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 717 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WPC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Citigroup raised their price target on shares of W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of W.P. Carey from $69.00 to $70.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 7th. Evercore ISI cut 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 research report on Monday, December 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.45.

W.P. Carey Stock Performance

WPC opened at $69.92 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $15.32 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 5.99 and a beta of 0.79. The stock has a 50-day moving average of $66.27 and a 200-day moving average of $66.19. W.P. Carey Inc. has a 52-week low of $53.93 and a 52-week high of $70.28.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $431.30 million during 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 company’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 earned $1.18 EPS. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. As a group, equities research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.92 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 5.3%. W.P. Carey’s payout ratio is 223.03%.

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.