Townsquare Capital LLC Has $731,000 Stock Position in W. P. Carey Inc. (NYSE:WPC)

Townsquare Capital LLC raised its holdings in W. P. Carey Inc. (NYSE:WPC) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,422 shares of the real estate investment trust’s stock after purchasing an additional 2,323 shares during the quarter. Townsquare Capital LLC’s holdings in W. P. Carey were worth $731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in W. P. Carey by 52.9% in the fourth quarter. Sterling Capital Management LLC now owns 12,843 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 4,442 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of W. P. Carey by 1.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 148,605 shares of the real estate investment trust’s stock worth $8,096,000 after acquiring an additional 2,385 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 valued at $40,000 after purchasing an additional 402 shares during the last quarter. Raymond James Financial Inc. acquired a new position in W. P. Carey during the 4th quarter worth approximately $31,442,000. Finally, Martingale Asset Management L P bought a new position in W. P. Carey in the 4th quarter valued at approximately $974,000. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 1.5 %

W. P. Carey stock opened at $62.18 on Friday. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 29.75, a PEG 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 company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $61.40 and a two-hundred day moving average price of $58.11.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.89 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.73%. W. P. Carey’s payout ratio is presently 170.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on WPC shares. Wells Fargo & Company upped their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Evercore ISI upped their price objective on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Barclays boosted their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.75.

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.