WealthPlan Investment Management LLC Purchases 1,165 Shares of W. P. Carey Inc. (NYSE:WPC)

WealthPlan Investment Management LLC boosted its stake in W. P. Carey Inc. (NYSE:WPC) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,911 shares of the real estate investment trust’s stock after acquiring an additional 1,165 shares during the period. WealthPlan Investment Management LLC’s holdings in W. P. Carey were worth $540,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of W. P. Carey by 5.9% during the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 203 shares in the last quarter. Creative Planning raised its position in shares of W. P. Carey by 0.3% during the third quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock worth $4,031,000 after purchasing an additional 207 shares during the period. Demars Financial Group LLC raised its position in shares of W. P. Carey by 2.2% during the third quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 216 shares during the period. Capital Investment Advisory Services LLC raised its position in W. P. Carey by 3.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust’s stock valued at $474,000 after buying an additional 259 shares during the last quarter. Finally, Empowered Funds LLC raised its position in W. P. Carey by 7.7% in the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 271 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Stock Down 0.3 %

Shares of NYSE WPC opened at $58.72 on Friday. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $64.26. The business has a 50-day simple moving average of $55.44 and a two-hundred day simple moving average of $57.57. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $12.85 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.02 and a beta of 0.97.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 5.99%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 138.58%.

Analysts Set New Price Targets

WPC has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Scotiabank cut their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Barclays cut their price target 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. UBS Group cut their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.00.

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.