Consolidated Portfolio Review Corp Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

Consolidated Portfolio Review Corp bought a new stake in W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,152 shares of the real estate investment trust’s stock, valued at approximately $825,000.

Several other institutional investors also recently modified their holdings of WPC. Millennium Management LLC acquired a new stake in W. P. Carey during the 2nd quarter worth $4,043,000. GAMMA Investing LLC boosted its position in shares of W. P. Carey by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 212 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of W. P. Carey by 27.5% during the third quarter. Atomi Financial Group Inc. now owns 7,924 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 1,707 shares during the period. UMB Bank n.a. increased its holdings in W. P. Carey by 53.6% in the third quarter. UMB Bank n.a. now owns 1,442 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 503 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in W. P. Carey in the third quarter valued at about $331,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WPC. Barclays decreased their target price on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday. UBS Group lowered their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Scotiabank reduced 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 research report on Thursday, January 16th. Finally, JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.00.

W. P. Carey Stock Down 0.0 %

Shares of WPC stock opened at $56.08 on Friday. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $64.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $55.30 and a 200-day moving average of $57.69. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.01 and a beta of 0.97.

W. P. Carey Increases Dividend

The company 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 yield of 6.28%. 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 138.58%.

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.