Barclays PLC Purchases 33,931 Shares of W. P. Carey Inc. (NYSE:WPC)

Barclays PLC grew its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,839 shares of the real estate investment trust's stock after purchasing an additional 33,931 shares during the period. Barclays PLC owned approximately 0.18% of W. P. Carey worth $21,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service bought a new stake in shares of W. P. Carey during the 4th quarter valued at about $25,000. Millstone Evans Group LLC bought a new position in shares of W. P. Carey in the 4th quarter worth $37,000. Wingate Wealth Advisors Inc. bought a new stake in shares of W. P. Carey during the 4th quarter worth $37,000. Bessemer Group Inc. grew its position in W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in W. P. Carey during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WPC shares. Barclays upped their price objective on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. Royal Bank of Canada boosted their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Scotiabank raised their price objective on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Finally, JMP Securities restated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.75.

W. P. Carey Trading Down 0.5 %

Shares of NYSE WPC traded down $0.32 during trading hours on Thursday, hitting $60.75. The company's stock had a trading volume of 563,265 shares, compared to its average volume of 1,180,189. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50-day simple moving average of $61.59 and a 200-day simple moving average of $58.12.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.89 dividend. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date was Monday, March 31st. W. P. Carey's dividend payout ratio (DPR) is currently 170.33%.

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.