W. P. Carey Inc. (NYSE:WPC) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in W. P. Carey Inc. (NYSE:WPC) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 500,063 shares of the real estate investment trust’s stock after buying an additional 94,255 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in W. P. Carey were worth $27,243,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. RFG Advisory LLC raised its position in shares of W. P. Carey by 91.7% during 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 stake 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 purchasing an additional 9,610 shares in the last quarter. SG Americas Securities LLC raised its holdings in W. P. Carey by 41.9% during the 3rd quarter. SG Americas Securities LLC now owns 156,373 shares of the real estate investment trust’s stock worth $9,742,000 after buying an additional 46,181 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in W. P. Carey during the third quarter valued at about $1,692,000. Finally, abrdn plc boosted its holdings 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 worth $6,396,000 after buying an additional 9,229 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Up 1.7 %

NYSE WPC opened at $55.62 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.26. The firm’s fifty day simple moving average is $55.46 and its 200-day simple moving average is $57.80. The company has a market capitalization of $12.17 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). The firm had revenue of $394.78 million during the quarter, compared to analyst estimates of $377.43 million. W. P. Carey had a return on equity of 6.45% and a net margin of 35.12%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. As a group, sell-side analysts anticipate that W. P. Carey Inc. will post 4.49 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 6.33%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is currently 138.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. Barclays restated an “underweight” rating and issued a $59.00 target price (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. 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 report on Thursday, January 16th. Finally, UBS Group reduced their price objective on 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.43.

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.