W. P. Carey Inc. (NYSE:WPC) Stake Cut by Savant Capital LLC

Savant Capital LLC cut its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,126 shares of the real estate investment trust's stock after selling 8,979 shares during the quarter. Savant Capital LLC's holdings in W. P. Carey were worth $661,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Maia Wealth LLC purchased a new stake in W. P. Carey during the 3rd quarter worth $40,000. Abich Financial Wealth Management LLC lifted its stake in shares of W. P. Carey by 2,374.1% during the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 641 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust's stock worth $42,000 after buying an additional 616 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of W. P. Carey in the third quarter valued at about $44,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of W. P. Carey by 70.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 341 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W. P. Carey Stock Up 0.0 %

WPC stock traded up $0.03 during mid-day trading on Wednesday, hitting $60.42. 746,672 shares of the company were exchanged, compared to its average volume of 1,016,800. The company has a market capitalization of $13.22 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The firm has a fifty day simple moving average of $55.58 and a 200 day simple moving average of $57.60. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.88 dividend. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey's payout ratio is currently 168.42%.

Analysts Set New Price Targets

WPC has been the subject of a number of analyst reports. UBS Group decreased their price target on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada lifted 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. Evercore ISI boosted their price objective 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. Finally, Barclays lowered their target price on W. P. Carey from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.38.

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.