W. P. Carey Inc. (NYSE:WPC) Stock Holdings Trimmed by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its position in shares of W. P. Carey Inc. (NYSE:WPC) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,100 shares of the real estate investment trust’s stock after selling 3,713 shares during the period. UniSuper Management Pty Ltd’s holdings in W. P. Carey were worth $3,547,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. National Pension Service bought a new position in W. P. Carey during the fourth quarter worth $25,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of W. P. Carey during the fourth quarter worth $37,000. Millstone Evans Group LLC bought a new position in shares of W. P. Carey in the 4th quarter worth about $37,000. Plato Investment Management Ltd acquired a new position in shares of W. P. Carey in the 4th quarter valued at about $48,000. Finally, Roxbury Financial LLC bought a new stake in shares of W. P. Carey during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on WPC shares. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays upped their price objective on W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada raised their target price on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Scotiabank upped their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company lifted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.75.

W. P. Carey Stock Performance

Shares of WPC opened at $62.67 on Friday. The firm has a market capitalization of $13.71 billion, a PE ratio of 29.98, a P/E/G ratio of 1.06 and a beta of 0.95. 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 firm has a 50-day moving average price of $60.04 and a 200 day moving average price of $58.44. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 170.33%.

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.