W. P. Carey Inc. (NYSE:WPC) Stake Increased by Andra AP fonden

Andra AP fonden boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 53.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,914 shares of the real estate investment trust's stock after purchasing an additional 44,214 shares during the quarter. Andra AP fonden owned approximately 0.06% of W. P. Carey worth $6,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WPC. National Pension Service acquired a new stake in W. P. Carey in the fourth quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new position in shares of W. P. Carey during the fourth quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new stake in W. P. Carey in the third quarter valued at about $44,000. Plato Investment Management Ltd acquired a new stake in W. P. Carey during the fourth quarter valued at approximately $48,000. Finally, Roxbury Financial LLC bought a new position in W. P. Carey during the 4th quarter worth approximately $58,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WPC shares. UBS Group dropped their price target on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Barclays increased their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 4th. Evercore ISI raised their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Scotiabank increased their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $63.75.

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W. P. Carey Price Performance

Shares of NYSE WPC traded down $0.99 during trading on Wednesday, hitting $61.97. The company had a trading volume of 1,235,625 shares, compared to its average volume of 1,114,259. The company has a market cap of $13.56 billion, a P/E ratio of 29.65, a PEG ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50-day moving average is $58.12 and its 200 day moving average is $58.25. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 5.68%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is currently 168.42%.

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.