W. P. Carey Inc. (NYSE:WPC) Stock Position Increased by Stephens Inc. AR

Stephens Inc. AR boosted its position in W. P. Carey Inc. (NYSE:WPC) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,392 shares of the real estate investment trust’s stock after purchasing an additional 392 shares during the quarter. Stephens Inc. AR’s holdings in W. P. Carey were worth $730,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. raised its position in shares of W. P. Carey by 5.9% during the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 203 shares in the last quarter. Creative Planning raised its position in shares of W. P. Carey by 0.3% during the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock worth $4,031,000 after buying an additional 207 shares in the last quarter. Demars Financial Group LLC raised its position in shares of W. P. Carey by 2.2% during the 3rd quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock worth $616,000 after buying an additional 216 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in shares of W. P. Carey by 3.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 259 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of W. P. Carey by 7.7% during the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 271 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Scotiabank dropped their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. UBS Group dropped their price target 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. Barclays dropped their price target on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada boosted 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. Finally, JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.00.

W. P. Carey Stock Performance

W. P. Carey stock opened at $58.89 on Friday. The firm’s 50 day simple moving average is $55.39 and its 200-day simple moving average is $57.61. The company has a market cap of $12.89 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is 168.42%.

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.