W. P. Carey Inc. (NYSE:WPC) Stock Position Raised by abrdn plc

abrdn plc lifted its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,229 shares of the real estate investment trust's stock after buying an additional 21,572 shares during the quarter. abrdn plc owned 0.06% of W. P. Carey worth $6,783,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Graham Capital Wealth Management LLC boosted its position in W. P. Carey by 4.2% during the fourth quarter. Graham Capital Wealth Management LLC now owns 53,058 shares of the real estate investment trust's stock worth $2,891,000 after purchasing an additional 2,132 shares in the last quarter. KPP Advisory Services LLC raised its holdings in shares of W. P. Carey by 24.9% in the fourth quarter. KPP Advisory Services LLC now owns 4,804 shares of the real estate investment trust's stock worth $262,000 after acquiring an additional 959 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of W. P. Carey in the fourth quarter worth $2,666,000. DAVENPORT & Co LLC raised its holdings in shares of W. P. Carey by 33.4% in the fourth quarter. DAVENPORT & Co LLC now owns 120,490 shares of the real estate investment trust's stock worth $6,565,000 after acquiring an additional 30,191 shares during the last quarter. Finally, Tritonpoint Wealth LLC raised its holdings in shares of W. P. Carey by 7.2% in the fourth quarter. Tritonpoint Wealth LLC now owns 4,453 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 300 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WPC. Scotiabank cut their price target on W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. UBS Group dropped their target price on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Barclays dropped their target price on W. P. Carey from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, February 4th. Finally, JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.00.

W. P. Carey Trading Up 2.7 %

NYSE:WPC traded up $1.50 on Wednesday, hitting $57.64. 2,305,127 shares of the stock were exchanged, compared to its average volume of 980,751. The stock has a market cap of $12.61 billion, a PE ratio of 22.69, a PEG ratio of 1.02 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $55.29 and a 200-day moving average of $57.60. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 6.11%. W. P. Carey's dividend payout ratio is presently 138.58%.

W. P. Carey Profile

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.