Oregon Public Employees Retirement Fund Grows Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Oregon Public Employees Retirement Fund grew its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,584 shares of the real estate investment trust’s stock after buying an additional 330 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in W. P. Carey were worth $2,429,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WPC. Allspring Global Investments Holdings LLC boosted its stake in shares of W. P. Carey by 70.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 341 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of W. P. Carey by 46.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,278 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 4,554 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of W. P. Carey by 9.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 143,926 shares of the real estate investment trust’s stock valued at $8,933,000 after purchasing an additional 12,109 shares during the period. abrdn plc boosted its stake in shares of W. P. Carey by 9.9% in the third quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock valued at $6,396,000 after purchasing an additional 9,229 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in shares of W. P. Carey by 0.3% in the third quarter. New York State Teachers Retirement System now owns 223,824 shares of the real estate investment trust’s stock valued at $13,944,000 after purchasing an additional 651 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on WPC shares. 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 research note on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Evercore ISI upped their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Scotiabank cut their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.38.

W. P. Carey Stock Down 0.1 %

Shares of NYSE:WPC opened at $64.25 on Friday. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.68. The company’s fifty day moving average is $56.57 and its two-hundred day moving average is $57.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.48%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio is 168.42%.

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.