NewEdge Wealth LLC Has $929,000 Stock Holdings in W.P. Carey Inc. $WPC

NewEdge Wealth LLC grew its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 181.7% in the third quarter, Holdings Channel reports. The institutional investor owned 13,970 shares of the real estate investment trust’s stock after acquiring an additional 9,011 shares during the period. NewEdge Wealth LLC’s holdings in W.P. Carey were worth $929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WPC. MTM Investment Management LLC bought a new position in W.P. Carey in the 2nd quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in shares of W.P. Carey in the second quarter worth approximately $30,000. Salem Investment Counselors Inc. boosted its position in shares of W.P. Carey by 1,126.0% during the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 563 shares during the last quarter. True Wealth Design LLC boosted its position in shares of W.P. Carey by 74.4% during the third quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in W.P. Carey during the third quarter worth $52,000. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Performance

NYSE:WPC opened at $72.35 on Monday. W.P. Carey Inc. has a 1 year low of $54.24 and a 1 year high of $74.72. The business has a fifty day simple moving average of $68.21 and a two-hundred day simple moving average of $67.40. The company has a market capitalization of $15.86 billion, a P/E ratio of 34.29, a P/E/G ratio of 4.93 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The firm had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, 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 Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is presently 174.41%.

Analysts Set New Price Targets

WPC has been the topic of a number of analyst reports. Citigroup lifted their price objective 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 boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Scotiabank increased their price objective on shares of W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Barclays set a $65.00 target price on shares of W.P. Carey in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. reduced their target price on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, W.P. Carey presently has an average rating of “Hold” and a consensus target price of $70.00.

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.