Excalibur Management Corp Has $1.50 Million Holdings in W. P. Carey Inc. (NYSE:WPC)

Excalibur Management Corp lessened its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,548 shares of the real estate investment trust's stock after selling 4,662 shares during the quarter. Excalibur Management Corp's holdings in W. P. Carey were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WPC. RFG Advisory LLC boosted its holdings in W. P. Carey by 91.7% during the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 3,049 shares in the last quarter. Stifel Financial Corp boosted its stake in W. P. Carey by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust's stock valued at $1,980,000 after buying an additional 2,075 shares in the last quarter. FMR LLC grew 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 valued at $50,219,000 after acquiring an additional 409,593 shares during the period. Erste Asset Management GmbH acquired a new position in W. P. Carey during the third quarter worth $1,267,000. Finally, Signet Financial Management LLC bought a new position in shares of W. P. Carey during the fourth quarter valued at $1,942,000. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Trading Up 0.4 %

W. P. Carey stock traded up $0.26 during trading hours on Friday, reaching $62.67. 794,407 shares of the company's stock traded hands, compared to its average volume of 1,163,911. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The firm's 50 day moving average is $60.04 and its 200-day moving average is $58.41.

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W. P. Carey Increases Dividend

The business also recently disclosed 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 is a boost 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 5.68%. W. P. Carey's payout ratio is 170.33%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WPC. Royal Bank of Canada increased their target price 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. Scotiabank raised their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.75.

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.