Machina Capital S.A.S. Makes New $390,000 Investment in W. P. Carey Inc. (NYSE:WPC)

Machina Capital S.A.S. purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,159 shares of the real estate investment trust's stock, valued at approximately $390,000.

A number of other large investors also recently added to or reduced their stakes in WPC. National Pension Service purchased a new position in W. P. Carey during the 4th quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. bought a new stake in W. P. Carey in the fourth quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new stake in W. P. Carey during the third quarter valued at $44,000. Plato Investment Management Ltd bought a new position in W. P. Carey during the fourth quarter valued at $48,000. Finally, Roxbury Financial LLC purchased a new position in shares of W. P. Carey in the 4th quarter worth $58,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Trading Down 1.6 %

Shares of NYSE:WPC traded down $0.99 during trading on Wednesday, reaching $61.97. 1,235,630 shares of the company were exchanged, compared to its average volume of 1,114,259. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $13.56 billion, a PE ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95. The business's fifty day simple moving average is $58.12 and its 200-day simple moving average is $58.25. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10.

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W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a yield of 5.68%. W. P. Carey's dividend payout ratio is 168.42%.

Analyst Ratings Changes

Several analysts have recently issued reports on WPC shares. Royal Bank of Canada upped their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. UBS Group cut their target price on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Barclays boosted their price objective 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, BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.75.

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.