Janiczek Wealth Management LLC Raises Position in W. P. Carey Inc. (NYSE:WPC)

Janiczek Wealth Management LLC boosted its stake in W. P. Carey Inc. (NYSE:WPC) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263 shares of the real estate investment trust’s stock after purchasing an additional 296 shares during the quarter. Janiczek Wealth Management LLC’s holdings in W. P. Carey were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of W. P. Carey by 44.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,640,966 shares of the real estate investment trust’s stock valued at $235,971,000 after acquiring an additional 1,124,010 shares during the last quarter. Norges Bank purchased a new stake in shares of W. P. Carey in the 4th quarter worth about $157,107,000. Russell Investments Group Ltd. boosted its stake in shares of W. P. Carey by 99.7% during the 4th quarter. Russell Investments Group Ltd. now owns 351,187 shares of the real estate investment trust’s stock valued at $22,810,000 after purchasing an additional 175,347 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of W. P. Carey during the fourth quarter valued at about $951,000. Finally, M&T Bank Corp raised its stake in W. P. Carey by 2.7% in the fourth quarter. M&T Bank Corp now owns 31,191 shares of the real estate investment trust’s stock worth $2,024,000 after buying an additional 825 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WPC shares. UBS Group assumed coverage on shares of W. P. Carey in a research note on Friday, May 31st. They issued a “neutral” rating and a $57.00 price target for the company. Wells Fargo & Company cut their price target on W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 30th. Royal Bank of Canada lowered their price objective on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Barclays initiated coverage on W. P. Carey in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.70.

W. P. Carey Trading Up 0.0 %

Shares of NYSE:WPC traded up $0.02 on Thursday, hitting $55.08. 373,505 shares of the company’s stock were exchanged, compared to its average volume of 1,323,412. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91. W. P. Carey Inc. has a 12 month low of $51.36 and a 12 month high of $73.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day simple moving average is $56.69 and its two-hundred day simple moving average is $58.87.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.87 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. This represents a $3.48 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Friday, June 28th. W. P. Carey’s payout ratio is presently 131.56%.

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.