Stevens Capital Management LP Invests $601,000 in W. P. Carey Inc. (NYSE:WPC)

Stevens Capital Management LP acquired a new stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,036 shares of the real estate investment trust's stock, valued at approximately $601,000.

A number of other large investors also recently modified their holdings of the company. National Pension Service bought a new stake in W. P. Carey during the fourth quarter valued at about $25,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of W. P. Carey during the fourth quarter worth about $37,000. Millstone Evans Group LLC bought a new stake in W. P. Carey during the 4th quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in W. P. Carey in the 3rd quarter worth approximately $44,000. Finally, Plato Investment Management Ltd bought a new position in W. P. Carey in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Trading Up 0.4 %

Shares of NYSE:WPC traded up $0.26 during trading on Friday, reaching $62.67. The company's stock had a trading volume of 794,407 shares, compared to its average volume of 1,163,911. The stock has a market capitalization of $13.71 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm's 50 day simple moving average is $60.04 and its two-hundred day simple moving average is $58.44.

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W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is 170.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WPC shares. Royal Bank of Canada lifted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Evercore ISI lifted their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, W. P. Carey presently has a consensus rating of "Hold" and an average price target of $63.75.

About W. P. Carey

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.