Susquehanna Fundamental Investments LLC Purchases Shares of 50,329 W. P. Carey Inc. (NYSE:WPC)

Susquehanna Fundamental Investments LLC acquired a new position in shares of W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,329 shares of the real estate investment trust’s stock, valued at approximately $2,742,000.

Several other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its holdings in W. P. Carey by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 48,758 shares of the real estate investment trust’s stock valued at $2,656,000 after purchasing an additional 1,626 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of W. P. Carey by 5.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 49,997 shares of the real estate investment trust’s stock valued at $2,724,000 after buying an additional 2,382 shares in the last quarter. MGO One Seven LLC grew its stake in W. P. Carey by 17.0% in the 4th quarter. MGO One Seven LLC now owns 5,156 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 751 shares during the period. Pinebridge Investments L.P. raised its position in W. P. Carey by 65.7% during the fourth quarter. Pinebridge Investments L.P. now owns 83,625 shares of the real estate investment trust’s stock worth $4,556,000 after acquiring an additional 33,160 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in W. P. Carey by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,058,351 shares of the real estate investment trust’s stock valued at $57,660,000 after purchasing an additional 21,954 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WPC shares. Wells Fargo & Company boosted their target price on shares of 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. Royal Bank of Canada increased their target price on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Barclays boosted their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Finally, Scotiabank lifted their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.75.

W. P. Carey Trading Up 0.7 %

Shares of WPC stock opened at $61.20 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The company’s 50-day moving average price is $61.64 and its 200-day moving average price is $58.14. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.06 and a beta of 0.81.

W. P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, equities analysts predict that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.89 per share. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.82%. W. P. Carey’s dividend payout ratio (DPR) is 170.33%.

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.