Robeco Institutional Asset Management B.V. Acquires 297,432 Shares of W. P. Carey Inc. (NYSE:WPC)

Robeco Institutional Asset Management B.V. boosted its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 274.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,808 shares of the real estate investment trust's stock after acquiring an additional 297,432 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of W. P. Carey worth $25,282,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WPC. Richardson Financial Services Inc. acquired a new position in shares of W. P. Carey during the first quarter valued at $26,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of W. P. Carey by 93.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 479 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 231 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of W. P. Carey by 1,510.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 483 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 453 shares during the period. Quarry LP raised its holdings in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 357 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new stake in shares of W. P. Carey in the second quarter valued at $34,000. Institutional investors own 73.73% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark A. Alexander acquired 3,500 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $55.87 per share, with a total value of $195,545.00. Following the acquisition, the director now owns 38,124 shares in the company, valued at approximately $2,129,987.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.18% of the company's stock.

W. P. Carey Stock Down 0.7 %

Shares of NYSE WPC traded down $0.38 during trading hours on Wednesday, hitting $55.40. The stock had a trading volume of 1,539,767 shares, compared to its average volume of 1,218,382. The firm's 50-day moving average price is $60.27 and its two-hundred day moving average price is $58.24. W. P. Carey Inc. has a 52 week low of $53.01 and a 52 week high of $67.40. The company has a market capitalization of $12.12 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00.

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 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business's revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. Analysts anticipate that W. P. Carey Inc. will post 4.52 EPS for the current fiscal 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 given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 6.32%. This is an increase from W. P. Carey's previous quarterly dividend of $0.87. The ex-dividend date was Monday, September 30th. W. P. Carey's dividend payout ratio is presently 137.80%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WPC shares. Royal Bank of Canada cut their price objective on W. P. Carey from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $63.00 target price (up previously from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. Evercore ISI lifted their price target on W. P. Carey from $63.00 to $66.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Scotiabank reduced their price objective on W. P. Carey from $61.00 to $60.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their target price on W. P. Carey from $70.00 to $68.00 and set an "overweight" rating on the stock in a research note on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $63.25.

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.