Quantinno Capital Management LP Buys 27,498 Shares of W. P. Carey Inc. (NYSE:WPC)

Quantinno Capital Management LP increased its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 120.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,382 shares of the real estate investment trust’s stock after buying an additional 27,498 shares during the quarter. Quantinno Capital Management LP’s holdings in W. P. Carey were worth $2,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC grew its stake in W. P. Carey by 9.5% during the fourth quarter. Park Avenue Securities LLC now owns 6,443 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 560 shares during the period. HB Wealth Management LLC increased its position in W. P. Carey by 21.8% in the fourth quarter. HB Wealth Management LLC now owns 15,266 shares of the real estate investment trust’s stock worth $832,000 after buying an additional 2,732 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of W. P. Carey by 4.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,826 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 726 shares in the last quarter. UMB Bank n.a. grew its position in shares of W. P. Carey by 33.8% in the fourth quarter. UMB Bank n.a. now owns 1,930 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 488 shares in the last quarter. Finally, Prairiewood Capital LLC boosted its stake in W. P. Carey by 5.6% during the fourth quarter. Prairiewood Capital LLC now owns 70,612 shares of the real estate investment trust’s stock valued at $3,847,000 after buying an additional 3,744 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Performance

NYSE WPC opened at $61.09 on Wednesday. The stock has a market capitalization of $13.38 billion, a PE ratio of 29.23, a P/E/G ratio of 1.06 and a beta of 0.78. The business has a 50 day simple moving average of $60.94 and a two-hundred day simple moving average of $58.47. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). The business had revenue of $407.44 million for the quarter, compared to analysts’ expectations of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. W. P. Carey’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. On average, research analysts predict that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date was Monday, March 31st. W. P. Carey’s dividend payout ratio is 183.51%.

Wall Street Analyst Weigh In

WPC has been the subject of several research analyst reports. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Scotiabank upped their target price on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, UBS Group decreased their target price on W. P. Carey from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $108.88.

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.