Silver Oak Securities Incorporated Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

Silver Oak Securities Incorporated acquired a new stake in W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,271 shares of the real estate investment trust’s stock, valued at approximately $233,000.

A number of other large investors have also made changes to their positions in the stock. Maia Wealth LLC purchased a new position in W. P. Carey in the 3rd quarter valued at about $40,000. Abich Financial Wealth Management LLC lifted its stake in shares of W. P. Carey by 2,374.1% during the third quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 641 shares during the period. Fortitude Family Office LLC lifted its stake in shares of W. P. Carey by 962.5% during the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 616 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in W. P. Carey during the third quarter worth approximately $44,000. Finally, Allspring Global Investments Holdings LLC grew its stake in W. P. Carey by 70.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Barclays decreased their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 4th. Scotiabank dropped their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group decreased their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

W. P. Carey Stock Down 0.0 %

WPC opened at $56.08 on Monday. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $64.26. The firm has a 50 day moving average price of $55.29 and a 200 day moving average price of $57.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $12.27 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 138.58%.

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.