Roxbury Financial LLC Invests $58,000 in W. P. Carey Inc. (NYSE:WPC)

Roxbury Financial LLC bought a new position in W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,014 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC lifted its position in W. P. Carey by 13.3% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,911 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 1,165 shares during the period. Rhumbline Advisers lifted its position in W. P. Carey by 0.6% during the fourth quarter. Rhumbline Advisers now owns 662,113 shares of the real estate investment trust’s stock valued at $36,072,000 after purchasing an additional 3,709 shares during the period. Campbell Wealth Management lifted its position in W. P. Carey by 29.4% during the fourth quarter. Campbell Wealth Management now owns 7,856 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 1,783 shares during the period. Asset Planning Inc bought a new position in W. P. Carey during the fourth quarter valued at approximately $84,000. Finally, Asset Management One Co. Ltd. lifted its position in W. P. Carey by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 433,241 shares of the real estate investment trust’s stock valued at $23,616,000 after purchasing an additional 4,279 shares during the period. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Down 0.3 %

Shares of WPC stock opened at $58.72 on Friday. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $64.26. The stock has a market cap of $12.85 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.02 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a 50 day simple moving average of $55.44 and a two-hundred day simple moving average of $57.57.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.99%. W. P. Carey’s dividend payout ratio is 138.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPC. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Thursday. UBS Group lowered their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Scotiabank lowered their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Barclays reduced their target price on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.00.

About W. P. Carey

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.