W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Dudley Capital Management LLC

Dudley Capital Management LLC raised its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,800 shares of the real estate investment trust’s stock after buying an additional 3,400 shares during the period. Dudley Capital Management LLC’s holdings in W. P. Carey were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Prudential Financial Inc. grew its stake in W. P. Carey by 82.8% during the 4th quarter. Prudential Financial Inc. now owns 47,056 shares of the real estate investment trust’s stock valued at $2,564,000 after purchasing an additional 21,317 shares in the last quarter. Vanguard Group Inc. increased its holdings in W. P. Carey by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust’s stock valued at $1,679,110,000 after buying an additional 242,576 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of W. P. Carey in the 4th quarter worth approximately $601,000. KLP Kapitalforvaltning AS bought a new stake in shares of W. P. Carey in the 4th quarter valued at approximately $6,257,000. Finally, Sei Investments Co. raised its position in shares of W. P. Carey by 17.1% during the 4th quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust’s stock valued at $3,056,000 after acquiring an additional 8,197 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W. P. Carey Trading Down 0.2 %

NYSE:WPC opened at $61.35 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.06 and a beta of 0.95. The business’s 50-day moving average price is $59.44 and its two-hundred day moving average price is $58.37.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 5.80%. The ex-dividend date is Monday, March 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is presently 170.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Scotiabank raised their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Barclays boosted their target price 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. BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Evercore ISI increased 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 research report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.75.

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.