XTX Topco Ltd Purchases 17,784 Shares of W. P. Carey Inc. (NYSE:WPC)

XTX Topco Ltd lifted its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 256.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,729 shares of the real estate investment trust's stock after purchasing an additional 17,784 shares during the quarter. XTX Topco Ltd's holdings in W. P. Carey were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zacks Investment Management increased its position in shares of W. P. Carey by 10.6% during the third quarter. Zacks Investment Management now owns 613,806 shares of the real estate investment trust's stock valued at $38,240,000 after acquiring an additional 59,075 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of W. P. Carey by 63.8% during the third quarter. EP Wealth Advisors LLC now owns 8,549 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 3,329 shares during the last quarter. Wellington Management Group LLP lifted its position in W. P. Carey by 121.9% during the third quarter. Wellington Management Group LLP now owns 253,419 shares of the real estate investment trust's stock valued at $15,788,000 after purchasing an additional 139,212 shares during the period. Weaver Consulting Group boosted its holdings in W. P. Carey by 1.5% in the third quarter. Weaver Consulting Group now owns 34,847 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 511 shares during the last quarter. Finally, Stifel Financial Corp grew its position in W. P. Carey by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust's stock worth $1,980,000 after purchasing an additional 2,075 shares during the period. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Performance

NYSE WPC traded up $0.61 on Monday, reaching $56.51. 1,093,861 shares of the stock were exchanged, compared to its average volume of 1,206,137. The company's 50-day simple moving average is $57.54 and its two-hundred day simple moving average is $58.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $12.37 billion, a PE ratio of 22.25, a PEG ratio of 1.04 and a beta of 0.96. W. P. Carey Inc. has a one year low of $53.09 and a one year high of $67.40.

W. P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.62). The business had revenue of $394.78 million during the quarter, compared to analysts' expectations of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The company's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 EPS. Analysts expect that W. P. Carey Inc. will post 4.52 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.50 annualized dividend and a dividend yield of 6.19%. This is a boost from W. P. Carey's previous quarterly dividend of $0.87. W. P. Carey's dividend payout ratio (DPR) is presently 137.80%.

Analyst Ratings Changes

Several analysts recently commented on WPC shares. Evercore ISI lifted their price objective on W. P. Carey from $63.00 to $66.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company restated an "equal weight" rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. UBS Group lowered their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Finally, Barclays boosted their target price on shares of W. P. Carey from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.88.

W. P. Carey Company 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.