Seeds Investor LLC Has $286,000 Stake in W. P. Carey Inc. (NYSE:WPC)

Seeds Investor LLC lifted its stake in W. P. Carey Inc. (NYSE:WPC) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,248 shares of the real estate investment trust’s stock after acquiring an additional 450 shares during the quarter. Seeds Investor LLC’s holdings in W. P. Carey were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WPC. National Pension Service acquired a new stake in shares of W. P. Carey during the 4th quarter valued at about $25,000. Wingate Wealth Advisors Inc. bought a new stake in W. P. Carey in the fourth quarter worth approximately $37,000. Millstone Evans Group LLC acquired a new position in shares of W. P. Carey during the 4th quarter worth $37,000. Bessemer Group Inc. raised 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 in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of W. P. Carey in the 4th quarter valued at $48,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $57.87 on Monday. The firm has a fifty day moving average price of $60.88 and a two-hundred day moving average price of $58.08. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The company 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.89 per share. The ex-dividend date is Monday, March 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a yield of 6.15%. W. P. Carey’s dividend payout ratio (DPR) is 170.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Scotiabank raised their price objective on W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective 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. Finally, Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. One 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 stock. According to MarketBeat, W. P. Carey currently has an average 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.