W. P. Carey Inc. (NYSE:WPC) Stock Position Increased by Amundi

Amundi increased its position in W. P. Carey Inc. (NYSE:WPC) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 271,703 shares of the real estate investment trust’s stock after acquiring an additional 10,365 shares during the period. Amundi’s holdings in W. P. Carey were worth $14,884,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WPC. Machina Capital S.A.S. bought a new position in shares of W. P. Carey during the 4th quarter valued at about $390,000. Andra AP fonden lifted its stake in W. P. Carey by 53.5% during the fourth quarter. Andra AP fonden now owns 126,914 shares of the real estate investment trust’s stock valued at $6,914,000 after purchasing an additional 44,214 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in W. P. Carey by 49.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,388 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 458 shares in the last quarter. Inceptionr LLC acquired a new position in W. P. Carey in the fourth quarter worth approximately $1,986,000. Finally, Raymond James Financial Inc. bought a new position in shares of W. P. Carey in the fourth quarter valued at $31,442,000. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

NYSE WPC opened at $62.64 on Friday. The company has a 50 day simple moving average of $58.41 and a 200-day simple moving average of $58.30. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.68%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is 168.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WPC shares. Royal Bank of Canada lifted their target price on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays upped their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Finally, Evercore ISI upped their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.75.

W. P. Carey 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.