W. P. Carey Inc. (NYSE:WPC) Shares Bought by Campbell Wealth Management

Campbell Wealth Management boosted its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,856 shares of the real estate investment trust’s stock after purchasing an additional 1,783 shares during the period. Campbell Wealth Management’s holdings in W. P. Carey were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Asset Planning Inc purchased a new stake in shares of W. P. Carey during the fourth quarter valued at $84,000. Asset Management One Co. Ltd. increased its holdings in shares of W. P. Carey by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 433,241 shares of the real estate investment trust’s stock valued at $23,616,000 after purchasing an additional 4,279 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of W. P. Carey in the fourth quarter valued at about $315,000. Van ECK Associates Corp lifted its holdings in shares of W. P. Carey by 0.4% during the fourth quarter. Van ECK Associates Corp now owns 99,091 shares of the real estate investment trust’s stock worth $5,399,000 after purchasing an additional 358 shares during the period. Finally, Carnegie Lake Advisors LLC raised its position in W. P. Carey by 3.3% during the 4th quarter. Carnegie Lake Advisors LLC now owns 16,565 shares of the real estate investment trust’s stock worth $902,000 after buying an additional 535 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Up 2.1 %

Shares of NYSE:WPC opened at $58.89 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day moving average price is $55.39 and its 200-day moving average price is $57.61. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $64.26.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is 168.42%.

Analyst Ratings Changes

Several research firms have recently commented on WPC. Royal Bank of Canada upped their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research report on Thursday. Scotiabank decreased their price objective on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Barclays reduced their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group lowered their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

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.