Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 32,675 Shares of W. P. Carey Inc. (NYSE:WPC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 37.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 118,819 shares of the real estate investment trust’s stock after buying an additional 32,675 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in W. P. Carey were worth $6,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of W. P. Carey by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,573,938 shares of the real estate investment trust’s stock valued at $284,426,000 after purchasing an additional 127,477 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of W. P. Carey by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust’s stock valued at $143,926,000 after purchasing an additional 43,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of W. P. Carey by 660.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock valued at $127,969,000 after purchasing an additional 1,784,131 shares during the last quarter. Equity Investment Corp grew its holdings in shares of W. P. Carey by 26.3% during the 4th quarter. Equity Investment Corp now owns 1,870,734 shares of the real estate investment trust’s stock valued at $101,918,000 after purchasing an additional 389,107 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in W. P. Carey by 21.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust’s stock valued at $94,325,000 after buying an additional 264,230 shares during the period. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Up 0.0 %

NYSE:WPC opened at $61.62 on Friday. The company has a 50-day moving average price of $59.29 and a 200-day moving average price of $58.38. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 5.78%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. W. P. Carey’s dividend payout ratio (DPR) is presently 170.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and increased their price target for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Barclays increased their price target on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, March 4th. Scotiabank increased their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Finally, Evercore ISI increased their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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.