Hudson Portfolio Management LLC Sells 1,565 Shares of W. P. Carey Inc. (NYSE:WPC)

Hudson Portfolio Management LLC trimmed its position in W. P. Carey Inc. (NYSE:WPC) by 16.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,167 shares of the real estate investment trust’s stock after selling 1,565 shares during the period. Hudson Portfolio Management LLC’s holdings in W. P. Carey were worth $445,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. National Pension Service bought a new position in W. P. Carey in the fourth quarter valued at about $25,000. Wingate Wealth Advisors Inc. bought a new position in W. P. Carey in the 4th quarter valued at approximately $37,000. Millstone Evans Group LLC bought a new position in W. P. Carey in the 4th quarter valued at approximately $37,000. Bessemer Group Inc. boosted its position in W. P. Carey by 118.6% during the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 402 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in W. P. Carey in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Price Performance

Shares of WPC opened at $57.87 on Friday. The firm has a market cap of $12.67 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The business’s 50 day moving average price is $60.88 and its two-hundred day moving average price is $58.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

W. P. Carey Increases Dividend

The business also recently announced 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. 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. This represents a $3.56 annualized dividend and a yield of 6.15%. W. P. Carey’s dividend payout ratio is currently 170.33%.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. 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 note on Thursday, February 13th. Wells Fargo & Company lifted their price objective on W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Scotiabank increased their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Finally, JMP Securities restated a “market perform” rating on shares of W. P. Carey in a 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 company’s stock. Based on data from MarketBeat.com, W. P. Carey has a consensus rating of “Hold” and a consensus price target of $63.75.

W. P. Carey 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.