BlueStem Wealth Partners LLC Makes New $237,000 Investment in W. P. Carey Inc. (NYSE:WPC)

BlueStem Wealth Partners LLC purchased a new position in W. P. Carey Inc. (NYSE:WPC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,344 shares of the real estate investment trust's stock, valued at approximately $237,000.

Several other hedge funds also recently made changes to their positions in the stock. Metis Global Partners LLC boosted its stake in W. P. Carey by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 28,059 shares of the real estate investment trust's stock worth $1,529,000 after purchasing an additional 1,928 shares during the period. US Bancorp DE boosted its position in shares of W. P. Carey by 8.3% in the fourth quarter. US Bancorp DE now owns 32,764 shares of the real estate investment trust's stock valued at $1,785,000 after acquiring an additional 2,499 shares during the period. Proficio Capital Partners LLC purchased a new position in W. P. Carey during the fourth quarter valued at approximately $1,428,000. Oppenheimer & Co. Inc. increased its holdings in W. P. Carey by 22.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,550 shares of the real estate investment trust's stock worth $684,000 after acquiring an additional 2,297 shares during the period. Finally, Equity Investment Corp lifted its stake in W. P. Carey by 26.3% in the 4th quarter. Equity Investment Corp now owns 1,870,734 shares of the real estate investment trust's stock worth $101,918,000 after purchasing an additional 389,107 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on WPC. UBS Group reduced their price target on shares of 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. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Evercore ISI upped their target price on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Barclays dropped their price target 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. Finally, Royal Bank of Canada upped their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One equities research 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.38.

W. P. Carey Price Performance

Shares of WPC stock traded up $0.55 during trading hours on Monday, hitting $64.76. 589,084 shares of the company's stock were exchanged, compared to its average volume of 1,107,911. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $64.81. The company has a market capitalization of $14.17 billion, a PE ratio of 31.01, a PEG ratio of 1.06 and a beta of 0.97. The business's 50 day simple moving average is $56.77 and its 200-day simple moving average is $57.96. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a yield of 5.44%. W. P. Carey's payout ratio is currently 168.42%.

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.