Creative Financial Designs Inc. ADV Acquires 1,827 Shares of W. P. Carey Inc. (NYSE:WPC)

Creative Financial Designs Inc. ADV boosted its position in W. P. Carey Inc. (NYSE:WPC) by 77.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,192 shares of the real estate investment trust’s stock after purchasing an additional 1,827 shares during the period. Creative Financial Designs Inc. ADV’s holdings in W. P. Carey were worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service acquired a new position in W. P. Carey in the fourth quarter valued at $25,000. Wingate Wealth Advisors Inc. acquired a new position in W. P. Carey in the fourth quarter valued at $37,000. RPg Family Wealth Advisory LLC acquired a new position in W. P. Carey in the third quarter valued at $44,000. Plato Investment Management Ltd acquired a new position in W. P. Carey in the fourth quarter valued at $48,000. Finally, Roxbury Financial LLC acquired a new position in W. P. Carey in the fourth quarter valued at $58,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Down 0.5 %

NYSE:WPC opened at $61.73 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $59.00 and a 200-day moving average of $58.36. The company has a market cap of $13.51 billion, a PE ratio of 29.54, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.89 per share. The ex-dividend date is Monday, March 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.77%. W. P. Carey’s payout ratio is presently 170.33%.

Analyst Upgrades and Downgrades

WPC has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Scotiabank upped their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a report on Wednesday, March 12th. 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 report on Tuesday, March 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. One 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. Based on data from MarketBeat, the company 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.