Daiwa Securities Group Inc. Has $5.02 Million Position in W. P. Carey Inc. (NYSE:WPC)

Daiwa Securities Group Inc. cut its position in shares of W. P. Carey Inc. (NYSE:WPC) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 92,072 shares of the real estate investment trust’s stock after selling 275 shares during the quarter. Daiwa Securities Group Inc.’s holdings in W. P. Carey were worth $5,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. RFG Advisory LLC lifted its holdings in W. P. Carey by 91.7% during the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 3,049 shares during the last quarter. Equity Investment Corp lifted its holdings in W. P. Carey by 0.7% during the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after purchasing an additional 9,610 shares during the last quarter. Stifel Financial Corp boosted its stake in W. P. Carey by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock valued at $1,980,000 after purchasing an additional 2,075 shares during the period. FMR LLC increased its position in W. P. Carey by 103.3% during the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock worth $50,219,000 after buying an additional 409,593 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of W. P. Carey during the third quarter worth $1,267,000. 73.73% of the stock is owned by institutional investors.

W. P. Carey Price Performance

Shares of WPC opened at $61.97 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $13.56 billion, a PE ratio of 29.65, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The business has a 50-day simple moving average of $58.12 and a two-hundred day simple moving average of $58.25.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group cut their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Barclays raised their price objective on 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, BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, W. P. Carey 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.