U.S. Capital Wealth Advisors LLC purchased a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 48,944 shares of the real estate investment trust's stock, valued at approximately $2,666,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP lifted its position 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 valued at $31,000 after purchasing an additional 357 shares during the period. Maia Wealth LLC purchased a new position in shares of W. P. Carey during the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of W. P. Carey by 35.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 172 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust's stock worth $42,000 after buying an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 616 shares during the period. Hedge funds and other institutional investors own 73.73% of the company's stock.
W. P. Carey Price Performance
WPC traded down $0.14 on Friday, reaching $55.96. 208,151 shares of the company's stock were exchanged, compared to its average volume of 916,662. The stock has a market cap of $12.25 billion, a PE ratio of 22.02, a P/E/G ratio of 1.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26. The stock's fifty day moving average price is $55.30 and its 200-day moving average price is $57.69.
W. P. Carey Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase 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 6.29%. W. P. Carey's dividend payout ratio (DPR) is 138.58%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Friday, January 10th. Scotiabank dropped 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 report on Thursday, January 16th. UBS Group reduced their price target on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Finally, Barclays dropped their price target on shares of W. P. Carey from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.00.
Check Out Our Latest Report on W. P. Carey
About W. P. Carey
(
Free Report)
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.
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