W. P. Carey Inc. (NYSE:WPC) Shares Acquired by Amundi

Amundi increased its position in W. P. Carey Inc. (NYSE:WPC) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 271,703 shares of the real estate investment trust’s stock after purchasing an additional 10,365 shares during the period. Amundi owned 0.12% of W. P. Carey worth $14,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPC. National Pension Service bought a new stake in shares of W. P. Carey in the 4th quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. acquired a new position in W. P. Carey in the fourth quarter worth $37,000. RPg Family Wealth Advisory LLC bought a new stake in W. P. Carey during the third quarter valued at $44,000. Plato Investment Management Ltd acquired a new stake in shares of W. P. Carey during the fourth quarter worth $48,000. Finally, Roxbury Financial LLC acquired a new position in shares of W. P. Carey in the 4th quarter valued at about $58,000. 73.73% of the stock is owned by institutional investors.

W. P. Carey Price Performance

Shares of WPC opened at $62.64 on Friday. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The stock’s fifty day moving average is $58.41 and its 200-day moving average is $58.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.68%. This is an increase 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 payout ratio is 168.42%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WPC shares. Scotiabank increased their price objective 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. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, W. P. Carey presently has an average rating of “Hold” and an average target price of $63.75.

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.