W. P. Carey Inc. (NYSE:WPC) Position Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 289.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,008 shares of the real estate investment trust's stock after buying an additional 18,588 shares during the period. Kestra Private Wealth Services LLC's holdings in W. P. Carey were worth $1,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR lifted its position in W. P. Carey by 3.0% during the fourth quarter. Stephens Inc. AR now owns 13,392 shares of the real estate investment trust's stock valued at $730,000 after buying an additional 392 shares in the last quarter. Empowered Funds LLC lifted its position in W. P. Carey by 7.7% during the fourth quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock valued at $206,000 after buying an additional 271 shares in the last quarter. Apollon Wealth Management LLC lifted its position in W. P. Carey by 37.7% during the fourth quarter. Apollon Wealth Management LLC now owns 23,254 shares of the real estate investment trust's stock valued at $1,267,000 after buying an additional 6,367 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in W. P. Carey during the fourth quarter valued at approximately $88,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in W. P. Carey by 4.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,607 shares of the real estate investment trust's stock valued at $3,302,000 after buying an additional 2,513 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Down 0.3 %

Shares of NYSE:WPC traded down $0.15 during midday trading on Friday, reaching $58.72. The company had a trading volume of 1,337,284 shares, compared to its average volume of 849,474. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The stock's fifty day moving average price is $55.44 and its 200-day moving average price is $57.57. The stock has a market capitalization of $12.85 billion, a P/E ratio of 23.12, a PEG ratio of 1.02 and a beta of 0.97. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $64.26.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is 138.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Thursday. Scotiabank dropped their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Barclays dropped their price objective on shares of W. P. Carey from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.00.

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.