Cozad Asset Management Inc. Has $2.67 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

Cozad Asset Management Inc. lessened its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,013 shares of the real estate investment trust's stock after selling 8,914 shares during the quarter. Cozad Asset Management Inc.'s holdings in W. P. Carey were worth $2,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WPC. Horizon Kinetics Asset Management LLC grew its position in W. P. Carey by 4.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 35,150 shares of the real estate investment trust's stock valued at $1,915,000 after acquiring an additional 1,450 shares during the last quarter. Cibc World Markets Corp grew its holdings in shares of W. P. Carey by 4.2% during the 4th quarter. Cibc World Markets Corp now owns 73,544 shares of the real estate investment trust's stock valued at $4,007,000 after purchasing an additional 2,957 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in W. P. Carey by 77.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,192 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 1,827 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in W. P. Carey by 9.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,793 shares of the real estate investment trust's stock valued at $806,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in W. P. Carey by 377.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 212,345 shares of the real estate investment trust's stock valued at $11,594,000 after buying an additional 167,900 shares in the last quarter. Institutional investors own 73.73% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price target on W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Scotiabank lifted their price target 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. Barclays boosted their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. Finally, BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, W. P. Carey currently has an average rating of "Hold" and an average target price of $63.75.

W. P. Carey Trading Up 0.0 %

WPC traded up $0.02 during trading on Friday, reaching $61.62. 4,323,243 shares of the stock traded hands, compared to its average volume of 1,117,891. The stock's 50-day moving average is $59.13 and its 200 day moving average is $58.38. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $13.48 billion, a PE ratio of 29.48, a P/E/G ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.89 per share. The ex-dividend date is Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.78%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is currently 170.33%.

About W. P. Carey

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.