Asset Management One Co. Ltd. grew its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 433,241 shares of the real estate investment trust's stock after acquiring an additional 4,279 shares during the quarter. Asset Management One Co. Ltd. owned about 0.20% of W. P. Carey worth $23,616,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WPC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 acquiring an additional 1,784,131 shares during the last quarter. Victory Capital Management Inc. lifted its position in W. P. Carey by 649.4% in the third quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust's stock worth $34,507,000 after buying an additional 479,973 shares during the last quarter. FMR LLC lifted its position in W. P. Carey by 103.3% in the third quarter. FMR LLC now owns 806,082 shares of the real estate investment trust's stock worth $50,219,000 after buying an additional 409,593 shares during the last quarter. International Assets Investment Management LLC lifted its position in W. P. Carey by 6,145.1% in the third quarter. International Assets Investment Management LLC now owns 407,304 shares of the real estate investment trust's stock worth $25,375,000 after buying an additional 400,782 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in W. P. Carey by 274.4% in the third 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 buying an additional 297,432 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.
W. P. Carey Stock Up 0.0 %
Shares of W. P. Carey stock traded up $0.03 during trading on Wednesday, hitting $60.42. 1,181,579 shares of the stock traded hands, compared to its average volume of 1,035,178. The firm has a market cap of $13.22 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $64.26. The stock's fifty day simple moving average is $55.58 and its 200 day simple moving average is $57.60.
W. P. Carey Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is 168.42%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Scotiabank lowered their price target 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. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $60.00 to $67.00 in a research note on Tuesday. Finally, Barclays reduced their target price on W. P. Carey from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $62.38.
Check Out Our Latest Stock Report on WPC
About W. P. Carey
(
Free Report)
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.
Read More
Before you consider W. P. Carey, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W. P. Carey wasn't on the list.
While W. P. Carey currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
