Gutierrez Wealth Advisory LLC Acquires New Stake in W. P. Carey Inc. (NYSE:WPC)

Gutierrez Wealth Advisory LLC purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,528 shares of the real estate investment trust's stock, valued at approximately $410,000. W. P. Carey makes up approximately 0.3% of Gutierrez Wealth Advisory LLC's investment portfolio, making the stock its 26th biggest position.

Several other institutional investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in W. P. Carey by 37.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,819 shares of the real estate investment trust's stock valued at $6,473,000 after buying an additional 32,675 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in W. P. Carey during the fourth quarter valued at $238,000. Royal London Asset Management Ltd. boosted its holdings in shares of W. P. Carey by 0.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 114,899 shares of the real estate investment trust's stock worth $6,260,000 after buying an additional 983 shares during the last quarter. Xponance Inc. grew its position in W. P. Carey by 8.9% during the fourth quarter. Xponance Inc. now owns 37,709 shares of the real estate investment trust's stock valued at $2,054,000 after buying an additional 3,077 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in W. P. Carey during the fourth quarter valued at approximately $2,868,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WPC shares. Evercore ISI lifted their price target on shares of 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. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Barclays lifted their price objective on 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, Wells Fargo & Company increased their target price 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 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 data from MarketBeat.com, W. P. Carey currently has a consensus rating of "Hold" and a consensus target price of $63.75.

W. P. Carey Price Performance

NYSE WPC traded up $0.18 during trading hours on Tuesday, reaching $61.59. The company's stock had a trading volume of 942,386 shares, compared to its average volume of 1,116,117. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year 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 market capitalization of $13.48 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 1.06 and a beta of 0.95. The firm's 50-day moving average price is $59.44 and its 200-day moving average price is $58.37.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.89 per share. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.78%. 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.