Maia Wealth LLC Increases Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Maia Wealth LLC raised its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 651.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,887 shares of the real estate investment trust's stock after acquiring an additional 4,237 shares during the quarter. Maia Wealth LLC's holdings in W. P. Carey were worth $277,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of W. P. Carey in the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. acquired a new position in W. P. Carey in the fourth quarter valued at $37,000. RPg Family Wealth Advisory LLC bought a new stake in W. P. Carey in the third quarter worth approximately $44,000. Allspring Global Investments Holdings LLC lifted its stake in W. P. Carey by 70.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 341 shares during the period. Finally, Roxbury Financial LLC bought a new position in W. P. Carey during the fourth quarter worth $58,000. 73.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WPC shares. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Scotiabank decreased their price target on W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI increased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $62.38.

W. P. Carey Stock Up 0.7 %

Shares of W. P. Carey stock traded up $0.46 on Monday, reaching $64.67. The company's stock had a trading volume of 1,294,690 shares, compared to its average volume of 1,110,571. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $64.85. The firm's fifty day simple moving average is $56.77 and its two-hundred day simple moving average is $57.96. 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 $14.15 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 1.06 and a beta of 0.97.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.44%. W. P. Carey's payout ratio is presently 168.42%.

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.