Inspirion Wealth Advisors LLC Sells 10,838 Shares of W.P. Carey Inc. $WPC

Inspirion Wealth Advisors LLC cut its holdings in W.P. Carey Inc. (NYSE:WPC) by 31.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,341 shares of the real estate investment trust’s stock after selling 10,838 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in W.P. Carey were worth $1,502,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of W.P. Carey during the second quarter valued at approximately $30,000. Wealth Watch Advisors INC purchased a new position in shares of W.P. Carey during the third quarter valued at approximately $33,000. LGT Financial Advisors LLC bought a new stake in shares of W.P. Carey in the 3rd quarter worth approximately $34,000. Salem Investment Counselors Inc. grew its stake in shares of W.P. Carey by 1,126.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 563 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of W.P. Carey by 1,450.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 620 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 580 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WPC. Barclays lifted their price objective on W.P. Carey from $65.00 to $68.00 and gave the company an “underweight” rating in a research note on Friday, March 13th. Citigroup raised their price target on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Royal Bank Of Canada lifted their price target on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. Evercore set a $74.00 price target on shares of W.P. Carey in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.90.

W.P. Carey Stock Performance

Shares of WPC opened at $67.50 on Monday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 4.60 and a beta of 0.76. The business’s fifty day simple moving average is $71.11 and its two-hundred day simple moving average is $68.28. W.P. Carey Inc. has a 12 month low of $54.24 and a 12 month high of $75.69. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm had revenue of $444.55 million during the quarter, compared to analysts’ expectations of $433.28 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Research analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.93 per share. The ex-dividend date is Tuesday, March 31st. This represents a $3.72 annualized dividend and a yield of 5.5%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio (DPR) is currently 174.41%.

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.