4,370 Shares in W. P. Carey Inc. (NYSE:WPC) Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new stake in shares of W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 4,370 shares of the real estate investment trust’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service acquired a new position in shares of W. P. Carey in the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of W. P. Carey in the 4th quarter valued at $37,000. RPg Family Wealth Advisory LLC acquired a new position in shares of W. P. Carey in the 3rd quarter valued at $44,000. Plato Investment Management Ltd acquired a new position in W. P. Carey in the 4th quarter worth $48,000. Finally, Roxbury Financial LLC acquired a new position in W. P. Carey in the 4th quarter worth $58,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Up 0.0 %

Shares of NYSE:WPC opened at $61.62 on Friday. The company’s 50-day moving average price is $59.29 and its two-hundred day moving average price is $58.38. 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 Inc. has a one year low of $52.91 and a one year high of $66.10. The stock has a market capitalization of $13.48 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.78%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. W. P. Carey’s dividend payout ratio is presently 170.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WPC shares. Scotiabank upped their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Wells Fargo & Company upped their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays upped their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada upped their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and an average target price of $63.75.

W. P. Carey Company 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.