New Insight Wealth Advisors Has $2.73 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

New Insight Wealth Advisors lessened its position in W. P. Carey Inc. (NYSE:WPC) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,018 shares of the real estate investment trust’s stock after selling 3,468 shares during the period. W. P. Carey accounts for about 1.4% of New Insight Wealth Advisors’ investment portfolio, making the stock its 18th largest holding. New Insight Wealth Advisors’ holdings in W. P. Carey were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC increased its stake in shares of W. P. Carey by 91.7% in the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 3,049 shares during the period. Equity Investment Corp increased its position in W. P. Carey by 0.7% in the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after buying an additional 9,610 shares during the period. Stifel Financial Corp lifted its holdings in shares of W. P. Carey by 7.0% during the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 2,075 shares during the last quarter. FMR LLC boosted its position in shares of W. P. Carey by 103.3% in the third quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock valued at $50,219,000 after acquiring an additional 409,593 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of W. P. Carey in the third quarter worth $1,267,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Price Performance

W. P. Carey stock opened at $64.74 on Monday. The business has a 50 day simple moving average of $57.75 and a 200 day simple moving average of $58.19. 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 capitalization of $14.17 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $65.45.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is currently 168.42%.

Analysts Set New Price Targets

Several research firms recently commented on WPC. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Scotiabank lowered their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Barclays raised their price objective 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, BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. One investment 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’s stock. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and an average price target of $62.88.

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.