DekaBank Deutsche Girozentrale Purchases 12,109 Shares of W. P. Carey Inc. (NYSE:WPC)

DekaBank Deutsche Girozentrale boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,926 shares of the real estate investment trust's stock after buying an additional 12,109 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of W. P. Carey worth $8,933,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WPC. Massmutual Trust Co. FSB ADV lifted its position in W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 172 shares during the last quarter. Catalytic Wealth RIA LLC boosted its stake in W. P. Carey by 5.2% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 4,033 shares of the real estate investment trust's stock valued at $222,000 after purchasing an additional 198 shares during the period. Kowal Investment Group LLC boosted its stake in W. P. Carey by 3.4% during the 2nd quarter. Kowal Investment Group LLC now owns 6,070 shares of the real estate investment trust's stock valued at $334,000 after purchasing an additional 199 shares during the period. Creative Planning increased its position in W. P. Carey by 0.3% during the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust's stock worth $4,031,000 after acquiring an additional 207 shares during the period. Finally, HB Wealth Management LLC grew its position in W. P. Carey by 6.2% in the 1st quarter. HB Wealth Management LLC now owns 3,576 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

Insiders Place Their Bets

In other W. P. Carey news, Director Mark A. Alexander acquired 3,500 shares of the business's stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the acquisition, the director now directly owns 38,124 shares of the company's stock, valued at approximately $2,129,987.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $63.00 price objective (up previously from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Royal Bank of Canada cut their price target on W. P. Carey from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. UBS Group lifted their price objective on W. P. Carey from $57.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 18th. Barclays upped their target price on W. P. Carey from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Scotiabank decreased their price target on shares of W. P. Carey from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $63.25.

W. P. Carey Price Performance

Shares of WPC stock traded down $0.47 during trading hours on Thursday, hitting $55.72. 1,742,839 shares of the company's stock were exchanged, compared to its average volume of 1,215,116. W. P. Carey Inc. has a 52 week low of $52.67 and a 52 week high of $67.40. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. The stock's 50-day moving average is $60.60 and its 200-day moving average is $58.18.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.62). The company had revenue of $394.78 million for the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.50% and a net margin of 34.83%. W. P. Carey's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. As a group, research analysts forecast that W. P. Carey Inc. will post 4.52 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 6.28%. This is a boost from W. P. Carey's previous quarterly dividend of $0.87. The ex-dividend date was Monday, September 30th. W. P. Carey's payout ratio is presently 137.80%.

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.