APG Asset Management N.V. Takes $6.30 Million Position in W. P. Carey Inc. (NYSE:WPC)

APG Asset Management N.V. purchased a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,800 shares of the real estate investment trust's stock, valued at approximately $6,303,000. APG Asset Management N.V. owned approximately 0.05% of W. P. Carey as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of WPC. DF Dent & Co. Inc. boosted its stake in shares of W. P. Carey by 3.5% during the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock valued at $298,000 after buying an additional 183 shares during the period. HighTower Advisors LLC increased its stake in shares of W. P. Carey by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after purchasing an additional 193 shares during the period. Capital Investment Advisory Services LLC increased its position in W. P. Carey by 3.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust's stock worth $474,000 after buying an additional 259 shares during the period. Empowered Funds LLC increased its position in W. P. Carey by 7.7% during the fourth quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 271 shares during the period. Finally, Cooper Financial Group raised its position in shares of W. P. Carey by 2.4% during the fourth quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust's stock valued at $649,000 after buying an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Up 1.8 %

WPC traded up $1.11 during trading on Thursday, reaching $62.39. The company had a trading volume of 218,229 shares, compared to its average volume of 1,180,287. The company has a market cap of $13.66 billion, a P/E ratio of 29.80, a PEG ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The business's fifty day moving average price is $61.15 and its 200 day moving average price is $58.10.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.89 per share. The ex-dividend date was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.71%. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio is 170.33%.

Analysts Set New Price Targets

A number of research analysts recently commented on WPC shares. Barclays upped their target price on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. Scotiabank boosted their target price on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Wells Fargo & Company lifted their target price on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.75.

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.