W. P. Carey Inc. (NYSE:WPC) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC grew its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,515 shares of the real estate investment trust's stock after purchasing an additional 21,159 shares during the quarter. MML Investors Services LLC owned 0.07% of W. P. Carey worth $8,091,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. RFG Advisory LLC grew its stake in shares of W. P. Carey by 91.7% in the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust's stock worth $347,000 after acquiring an additional 3,049 shares in the last quarter. Sei Investments Co. boosted its holdings in W. P. Carey by 17.1% in the fourth quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust's stock valued at $3,056,000 after purchasing an additional 8,197 shares during the period. Signet Financial Management LLC acquired a new position in W. P. Carey during the 4th quarter worth $1,942,000. Diversified Trust Co purchased a new stake in W. P. Carey during the 4th quarter worth about $534,000. Finally, JPMorgan Chase & Co. raised its position in W. P. Carey by 21.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust's stock valued at $94,325,000 after purchasing an additional 264,230 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Down 1.6 %

Shares of NYSE WPC opened at $61.04 on Thursday. The business has a 50-day moving average price of $61.59 and a 200 day moving average price of $58.12. The stock has a market cap of $13.37 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.83%. W. P. Carey's dividend payout ratio is 170.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WPC shares. Evercore ISI boosted their price objective 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. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Scotiabank increased their target price on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Wells Fargo & Company lifted their price target on W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. One 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.com, W. P. Carey has a consensus rating of "Hold" and a consensus 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.

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