26,205 Shares in W. P. Carey Inc. (NYSE:WPC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,205 shares of the real estate investment trust's stock, valued at approximately $1,428,000.

Several other institutional investors have also recently made changes to their positions in the stock. National Pension Service purchased a new stake in shares of W. P. Carey in the fourth quarter worth $25,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of W. P. Carey in the fourth quarter worth $37,000. Maia Wealth LLC purchased a new stake in shares of W. P. Carey in the third quarter worth $40,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of W. P. Carey in the third quarter worth $44,000. Finally, Roxbury Financial LLC purchased a new stake in shares of W. P. Carey in the fourth quarter worth $58,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

Analysts Set New Price Targets

WPC has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Scotiabank reduced their target price on W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Barclays increased their target price on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. Evercore ISI increased their target price on 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. Finally, Royal Bank of Canada increased their target price on W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One investment 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's stock. Based on data from MarketBeat.com, W. P. Carey has a consensus rating of "Hold" and an average price target of $62.88.

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W. P. Carey Trading Up 1.2 %

Shares of NYSE:WPC traded up $0.78 on Friday, reaching $64.74. 1,410,553 shares of the company traded hands, compared to its average volume of 1,108,819. The business's 50-day simple moving average is $57.75 and its 200 day simple moving average is $58.19. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $65.45. The stock has a market capitalization of $14.17 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey Increases Dividend

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

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.