New Insight Wealth Advisors Has $2.01 Million Holdings in W.P. Carey Inc. $WPC

New Insight Wealth Advisors trimmed its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,762 shares of the real estate investment trust’s stock after selling 8,533 shares during the period. New Insight Wealth Advisors’ holdings in W.P. Carey were worth $2,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MTM Investment Management LLC acquired a new position in shares of W.P. Carey during the second quarter valued at $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey during the 2nd quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in shares of W.P. Carey in the 2nd quarter valued at about $40,000. REAP Financial Group LLC boosted its stake in shares of W.P. Carey by 56.4% in the 2nd quarter. REAP Financial Group LLC now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 238 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in shares of W.P. Carey by 1,126.0% during 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 period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Trading Up 1.8%

WPC opened at $70.18 on Friday. The stock has a market capitalization of $15.38 billion, a P/E ratio of 42.54, a P/E/G ratio of 6.00 and a beta of 0.79. 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 12 month low of $53.93 and a 12 month high of $70.28. The firm’s fifty day simple moving average is $66.16 and its 200 day simple moving average is $66.07.

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

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 31st. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a yield of 5.2%. W.P. Carey’s dividend payout ratio is currently 223.03%.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Barclays set a $65.00 target price on W.P. Carey in a research note on Tuesday. Citigroup boosted their target price on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, October 8th. Finally, Evercore ISI reduced their price objective on shares of W.P. Carey from $72.00 to $71.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $68.45.

About W.P. Carey

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.