W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 377.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 212,345 shares of the real estate investment trust's stock after purchasing an additional 167,900 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.10% of W. P. Carey worth $11,594,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vestcor Inc raised its stake in W. P. Carey by 120.4% in the fourth quarter. Vestcor Inc now owns 69,640 shares of the real estate investment trust's stock worth $3,794,000 after buying an additional 38,043 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in W. P. Carey by 0.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 63,624 shares of the real estate investment trust's stock worth $3,466,000 after buying an additional 517 shares in the last quarter. Farther Finance Advisors LLC raised its stake in W. P. Carey by 71.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,605 shares of the real estate investment trust's stock worth $142,000 after buying an additional 1,085 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in W. P. Carey by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 24,247 shares of the real estate investment trust's stock worth $1,321,000 after buying an additional 570 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in W. P. Carey by 1.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 149,009 shares of the real estate investment trust's stock worth $8,118,000 after buying an additional 2,109 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

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W. P. Carey Price Performance

Shares of WPC stock traded down $0.28 during mid-day trading on Wednesday, hitting $61.73. 1,473,927 shares of the stock were exchanged, compared to its average volume of 1,106,775. The firm has a fifty day moving average of $58.86 and a 200 day moving average of $58.34. 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. The company has a market cap of $13.51 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.89 per share. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, March 31st. W. P. Carey's dividend payout ratio is presently 170.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WPC shares. Royal Bank of Canada upped their price target on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price target on W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and upped their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Barclays upped their price target on shares of W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. Finally, Evercore ISI upped 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.75.

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.