W. P. Carey Inc. (NYSE:WPC) Shares Acquired by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC lifted its holdings in W. P. Carey Inc. (NYSE:WPC) by 7.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,453 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the quarter. Tritonpoint Wealth LLC’s holdings in W. P. Carey were worth $247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in W. P. Carey by 660.9% in 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of W. P. Carey by 649.4% in the third quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust’s stock worth $34,507,000 after buying an additional 479,973 shares during the last quarter. FMR LLC lifted its stake in shares of W. P. Carey by 103.3% during the third quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock worth $50,219,000 after buying an additional 409,593 shares during the period. International Assets Investment Management LLC grew its holdings in shares of W. P. Carey by 6,145.1% during the third 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 buying an additional 400,782 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of 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 acquiring an additional 297,432 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. UBS Group decreased their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Scotiabank reduced their price target 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, Barclays restated 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and an average target price of $62.43.

W. P. Carey Stock Up 0.5 %

W. P. Carey stock opened at $55.96 on Monday. The business has a 50 day simple moving average of $55.44 and a 200-day simple moving average of $57.77. 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 capitalization of $12.25 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00.

W. P. Carey Increases Dividend

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

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.