W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,300 shares of the real estate investment trust’s stock after acquiring an additional 2,200 shares during the period. Forsta AP Fonden’s holdings in W. P. Carey were worth $4,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of W. P. Carey by 660.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock worth $127,969,000 after purchasing an additional 1,784,131 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of W. P. Carey by 649.4% during the third quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust’s stock valued at $34,507,000 after acquiring an additional 479,973 shares during the last quarter. FMR LLC increased its position in W. P. Carey by 103.3% during the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock worth $50,219,000 after purchasing an additional 409,593 shares in the last quarter. International Assets Investment Management LLC raised its stake in W. P. Carey by 6,145.1% in the 3rd quarter. International Assets Investment Management LLC now owns 407,304 shares of the real estate investment trust’s stock valued at $25,375,000 after purchasing an additional 400,782 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in W. P. Carey by 274.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 405,808 shares of the real estate investment trust’s stock valued at $25,282,000 after purchasing an additional 297,432 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WPC. Barclays reissued an “underweight” rating and issued a $59.00 price objective (up previously from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. UBS Group reduced their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Scotiabank lowered their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.43.

W. P. Carey Stock Performance

W. P. Carey stock opened at $55.96 on Friday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $64.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is $55.44 and its 200-day moving average is $57.79.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The business had revenue of $394.78 million during the quarter, compared to analysts’ expectations of $377.43 million. During the same quarter in the previous year, the business posted $1.32 EPS. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Equities analysts anticipate that W. P. Carey Inc. will post 4.49 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 6.29%. W. P. Carey’s payout ratio is presently 138.58%.

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.