Marshall Wace LLP Has $5.28 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Marshall Wace LLP lowered its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,981 shares of the real estate investment trust's stock after selling 94,949 shares during the period. Marshall Wace LLP's holdings in W. P. Carey were worth $5,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in W. P. Carey during the 3rd quarter worth $262,000. Franklin Resources Inc. boosted its stake in shares of W. P. Carey by 20.4% during the third quarter. Franklin Resources Inc. now owns 165,184 shares of the real estate investment trust's stock valued at $9,898,000 after purchasing an additional 28,022 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of W. P. Carey by 21.1% during the third quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust's stock worth $94,325,000 after purchasing an additional 264,230 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of W. P. Carey during the fourth quarter worth about $286,000. Finally, Nordea Investment Management AB increased its stake in shares of W. P. Carey by 10.8% in the fourth quarter. Nordea Investment Management AB now owns 16,335 shares of the real estate investment trust's stock valued at $888,000 after buying an additional 1,587 shares during the period. Institutional investors own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Scotiabank raised their target price on 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. Barclays upped their price target 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, Royal Bank of Canada raised their price objective on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.75.

W. P. Carey Stock Down 1.6 %

Shares of NYSE:WPC opened at $61.04 on Thursday. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. 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 business's 50-day moving average is $61.59 and its 200-day moving average is $58.12. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.06 and a beta of 0.81.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.83%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey's dividend payout ratio is presently 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.

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