W. P. Carey Inc. (NYSE:WPC) Holdings Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,254 shares of the real estate investment trust's stock after acquiring an additional 6,367 shares during the quarter. Apollon Wealth Management LLC's holdings in W. P. Carey were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in W. P. Carey by 660.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust's stock valued at $127,969,000 after purchasing an additional 1,784,131 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of W. P. Carey by 649.4% in the 3rd quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust's stock worth $34,507,000 after acquiring an additional 479,973 shares in the last quarter. FMR LLC grew its position in shares of W. P. Carey by 103.3% in the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust's stock worth $50,219,000 after acquiring an additional 409,593 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of W. P. Carey by 6,145.1% in the 3rd quarter. International Assets Investment Management LLC now owns 407,304 shares of the real estate investment trust's stock worth $25,375,000 after acquiring an additional 400,782 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of W. P. Carey by 274.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 405,808 shares of the real estate investment trust's stock worth $25,282,000 after acquiring an additional 297,432 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WPC has been the subject of several research reports. Scotiabank decreased their target price on W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Barclays decreased their target price on W. P. Carey from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday. UBS Group reduced their price objective on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.00.

W. P. Carey Stock Performance

NYSE:WPC traded down $0.15 during midday trading on Friday, reaching $58.72. 1,337,284 shares of the company traded hands, compared to its average volume of 1,009,413. The company has a fifty day moving average price of $55.44 and a 200 day moving average price of $57.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Tuesday, December 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is currently 138.58%.

W. P. Carey Company 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.