Generali Asset Management SPA SGR Invests $2.87 Million in W. P. Carey Inc. (NYSE:WPC)

Generali Asset Management SPA SGR bought a new position in W. P. Carey Inc. (NYSE:WPC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 52,635 shares of the real estate investment trust's stock, valued at approximately $2,868,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WPC. National Pension Service purchased a new stake in W. P. Carey in the fourth quarter worth about $25,000. Wingate Wealth Advisors Inc. bought a new stake in shares of W. P. Carey in the 4th quarter valued at about $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of W. P. Carey in the 3rd quarter worth approximately $44,000. Plato Investment Management Ltd bought a new position in shares of W. P. Carey during the fourth quarter valued at approximately $48,000. Finally, Roxbury Financial LLC purchased a new position in W. P. Carey during the fourth quarter valued at approximately $58,000. Institutional investors own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

WPC has been the topic of several recent research reports. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price objective on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Evercore ISI lifted their target price on W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Barclays increased their price target on shares of W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, March 4th. Finally, Scotiabank lifted their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $63.75.

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W. P. Carey Stock Performance

Shares of W. P. Carey stock traded down $0.14 during midday trading on Monday, hitting $61.35. The company had a trading volume of 1,094,555 shares, compared to its average volume of 1,116,215. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.06 and a beta of 0.95. 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 company has a fifty day simple moving average of $59.29 and a 200 day simple moving average of $58.36.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, March 31st. 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 5.80%. W. P. Carey's payout ratio is 170.33%.

W. P. Carey Company 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.