Amundi Buys 10,365 Shares of W. P. Carey Inc. (NYSE:WPC)

Amundi grew its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 271,703 shares of the real estate investment trust's stock after acquiring an additional 10,365 shares during the period. Amundi owned about 0.12% of W. P. Carey worth $14,884,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WPC. Machina Capital S.A.S. acquired a new position in shares of W. P. Carey in the 4th quarter valued at $390,000. Andra AP fonden boosted its holdings in shares of W. P. Carey by 53.5% in the fourth quarter. Andra AP fonden now owns 126,914 shares of the real estate investment trust's stock worth $6,914,000 after buying an additional 44,214 shares during the period. Lindbrook Capital LLC increased its position in shares of W. P. Carey by 49.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,388 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 458 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of W. P. Carey during the fourth quarter valued at approximately $1,986,000. Finally, Raymond James Financial Inc. acquired a new stake in W. P. Carey during the 4th quarter valued at $31,442,000. 73.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Scotiabank increased their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Evercore ISI boosted their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.75.

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W. P. Carey Stock Performance

WPC stock traded down $0.66 during mid-day trading on Tuesday, reaching $61.95. 1,958,201 shares of the stock traded hands, compared to its average volume of 1,106,761. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $58.72 and a two-hundred day moving average of $58.32. The firm has a market capitalization of $13.56 billion, a PE ratio of 29.64, a P/E/G ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $66.10.

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 issued a $0.89 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.75%. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is 170.33%.

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.