Telos Capital Management Inc. Invests $274,000 in W. P. Carey Inc. (NYSE:WPC)

Telos Capital Management Inc. purchased a new position in shares of W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,230 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in W. P. Carey during the 1st quarter worth about $26,000. Acadian Asset Management LLC purchased a new stake in W. P. Carey during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new stake in W. P. Carey during the 4th quarter worth about $32,000. Quarry LP increased its position in W. P. Carey by 438.5% during the 2nd quarter. Quarry LP now owns 420 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 342 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new stake in W. P. Carey during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays began coverage on W. P. Carey in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. StockNews.com began coverage on W. P. Carey in a report on Thursday, January 4th. They issued a “hold” rating for the company. Royal Bank of Canada lowered their price target on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Raymond James cut W. P. Carey from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Finally, Wells Fargo & Company lowered their price target on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.36.

W. P. Carey Stock Up 0.3 %

WPC opened at $53.50 on Thursday. The firm has a 50 day moving average price of $56.22 and a 200 day moving average price of $58.69. The company has a market cap of $11.71 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.42 and a beta of 0.86. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $74.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.62 and a current ratio of 0.62.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. The firm had revenue of $410.38 million during the quarter, compared to analysts’ expectations of $413.04 million. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. W. P. Carey’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. Sell-side analysts expect that W. P. Carey Inc. will post 4.57 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.865 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s dividend payout ratio is currently 104.85%.

About W. P. Carey

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.