3,617 Shares in W. P. Carey Inc. (NYSE:WPC) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,617 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other institutional investors have also recently bought and sold shares of WPC. Maia Wealth LLC bought a new stake in shares of W. P. Carey during the 3rd quarter valued at approximately $40,000. Abich Financial Wealth Management LLC boosted its position in W. P. Carey by 2,374.1% in 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 in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of W. P. Carey during the fourth quarter worth $37,000. Fortitude Family Office LLC increased its holdings 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 worth $42,000 after buying an additional 616 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of W. P. Carey in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Price Performance

W. P. Carey stock opened at $57.64 on Thursday. The stock’s 50 day moving average is $55.33 and its 200 day moving average is $57.60. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $64.26. The firm has a market cap of $12.61 billion, a P/E ratio of 22.69, a P/E/G 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.11%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is 138.58%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on 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. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. 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 report on Thursday, January 16th. Finally, UBS Group reduced 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 report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and an average price target of $62.00.

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.