W. P. Carey Inc. (NYSE:WPC) Shares Sold by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC decreased its position in shares of W. P. Carey Inc. (NYSE:WPC) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,297 shares of the real estate investment trust’s stock after selling 878 shares during the quarter. Samalin Investment Counsel LLC’s holdings in W. P. Carey were worth $670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $37,000. Millstone Evans Group LLC acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of W. P. Carey during the 3rd quarter worth approximately $44,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Up 0.0 %

Shares of WPC stock opened at $61.62 on Friday. The stock’s fifty day moving average is $59.29 and its two-hundred day moving average is $58.38. 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 $13.48 billion, a P/E ratio of 29.48, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10.

W. P. Carey Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Scotiabank increased their target price on 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. Royal Bank of Canada increased their target price 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 upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. Finally, Evercore ISI increased their target price on 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 research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.75.

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.