Dimensional Fund Advisors LP Sells 10,230 Shares of W. P. Carey Inc. (NYSE:WPC)

Dimensional Fund Advisors LP decreased its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,170,736 shares of the real estate investment trust's stock after selling 10,230 shares during the quarter. Dimensional Fund Advisors LP owned 1.45% of W. P. Carey worth $172,743,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in shares of W. P. Carey during the 4th quarter worth $25,000. Wingate Wealth Advisors Inc. bought a new position in W. P. Carey in the 4th quarter worth $37,000. Millstone Evans Group LLC purchased a new stake in shares of W. P. Carey during the fourth quarter worth about $37,000. Bessemer Group Inc. raised its position in shares of W. P. Carey by 118.6% during the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 402 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of W. P. Carey during the fourth quarter valued at about $48,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Scotiabank increased their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Wells Fargo & Company lifted their target price on W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Barclays increased their price target on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $63.75.

W. P. Carey Price Performance

WPC opened at $61.04 on Thursday. The business has a fifty day moving average of $61.59 and a 200 day moving average of $58.12. The stock has a market cap of $13.37 billion, a P/E ratio of 29.21, a PEG ratio of 1.06 and a beta of 0.81. The company has a quick ratio of 0.98, a current 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 $66.10.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.89 per share. 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 5.83%. The ex-dividend date was Monday, March 31st. W. P. Carey's payout ratio 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.

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