Natixis Acquires Shares of 141,553 W. P. Carey Inc. (NYSE:WPC)

Natixis acquired a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141,553 shares of the real estate investment trust's stock, valued at approximately $7,712,000. Natixis owned about 0.06% of W. P. Carey at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WPC. Vanguard Group Inc. boosted its stake in W. P. Carey by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock worth $1,679,110,000 after buying an additional 242,576 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of W. P. Carey by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock worth $256,201,000 after acquiring an additional 135,090 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of W. P. Carey by 29.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock worth $219,170,000 after acquiring an additional 906,622 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in W. P. Carey by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock valued at $143,926,000 after purchasing an additional 43,197 shares during the period. Finally, Norges Bank acquired a new position in W. P. Carey during the fourth quarter worth approximately $139,381,000. Institutional investors and hedge funds own 73.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WPC shares. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. Barclays lifted their target price on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. Scotiabank upped their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Wells Fargo & Company lifted their price objective on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada boosted their target price on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.75.

W. P. Carey Stock Down 0.5 %

Shares of WPC stock traded down $0.32 during trading hours on Thursday, reaching $60.75. The company had a trading volume of 694,983 shares, compared to its average volume of 1,182,129. The company has a market capitalization of $13.30 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The stock's fifty day simple moving average is $61.63 and its 200 day simple moving average is $58.13.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.86%. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is currently 170.33%.

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.