Generali Asset Management SPA SGR Acquires New Shares in W. P. Carey Inc. (NYSE:WPC)

Generali Asset Management SPA SGR acquired a new stake in W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,635 shares of the real estate investment trust’s stock, valued at approximately $2,868,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Pension Service bought a new position in W. P. Carey in the 4th quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. purchased a new position in shares of W. P. Carey in the 4th quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of W. P. Carey in the 3rd quarter worth $44,000. Plato Investment Management Ltd bought a new stake in shares of W. P. Carey in the fourth quarter worth $48,000. Finally, Roxbury Financial LLC purchased a new stake in W. P. Carey during the fourth quarter valued at $58,000. 73.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

WPC has been the subject of a number of recent research reports. Scotiabank boosted their price target on W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Evercore ISI increased their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Finally, Barclays boosted 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 report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and an average target price of $63.75.

W. P. Carey Trading Down 0.5 %

Shares of WPC stock opened at $61.73 on Thursday. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. The firm has a fifty day moving average price of $59.00 and a 200-day moving average price of $58.36. 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 company also recently disclosed 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. This represents a $3.56 annualized dividend and a dividend yield of 5.77%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. W. P. Carey’s dividend payout ratio (DPR) is presently 170.33%.

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.