Meixler Investment Management Ltd. Invests $1.01 Million in W. P. Carey Inc. (NYSE:WPC)

Meixler Investment Management Ltd. acquired a new position in shares of W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,485 shares of the real estate investment trust’s stock, valued at approximately $1,007,000. W. P. Carey comprises about 0.7% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors have also recently modified their holdings of the stock. Wingate Wealth Advisors Inc. acquired a new stake in shares of W. P. Carey during the 4th quarter worth $37,000. Maia Wealth LLC acquired a new stake in shares of W. P. Carey in the 3rd quarter valued at about $40,000. Abich Financial Wealth Management LLC lifted its holdings in W. P. Carey by 2,374.1% in the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 641 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 616 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in W. P. Carey in the third quarter worth about $44,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WPC has been the topic of a number of recent analyst reports. UBS Group cut their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Scotiabank decreased 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. Barclays lowered their price objective on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.00.

W. P. Carey Trading Down 0.3 %

Shares of NYSE WPC opened at $58.72 on Friday. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26. 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 firm has a market capitalization of $12.85 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.02 and a beta of 0.97. The company’s 50 day simple moving average is $55.44 and its 200 day simple moving average is $57.57.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 5.99%. W. P. Carey’s dividend payout ratio is currently 138.58%.

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.