W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Andra AP fonden

Andra AP fonden boosted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 53.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,914 shares of the real estate investment trust’s stock after buying 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position 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 valued at $226,000 after acquiring an additional 203 shares during the period. Demars Financial Group LLC grew its holdings in W. P. Carey by 2.2% in the third quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 216 shares during the period. Capital Investment Advisory Services LLC increased its position in shares of W. P. Carey by 3.1% in the fourth 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 in the last quarter. Empowered Funds LLC raised its stake in shares of W. P. Carey by 7.7% during the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 271 shares during the period. Finally, Cooper Financial Group grew its stake in W. P. Carey by 2.4% in the 4th quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust’s stock valued at $649,000 after acquiring an additional 276 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 1.2 %

Shares of WPC opened at $64.74 on Friday. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $65.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $57.75 and a two-hundred day simple moving average of $58.20. The company has a market capitalization of $14.17 billion, a PE ratio of 30.98, 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 was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a yield of 5.44%. W. P. Carey’s payout ratio is 168.42%.

Analyst Ratings Changes

A number of research firms have weighed in on WPC. UBS Group reduced their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Barclays raised their price target on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada boosted their price objective on 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 raised their target price on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. 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 stock. Based on data from MarketBeat, the stock currently has an average 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.