W. P. Carey Inc. (NYSE:WPC) Holdings Trimmed by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC cut its holdings in W. P. Carey Inc. (NYSE:WPC) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,201 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Main Street Financial Solutions LLC’s holdings in W. P. Carey were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. CacheTech Inc. lifted its stake in W. P. Carey by 33.5% during the fourth quarter. CacheTech Inc. now owns 11,675 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 2,930 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of W. P. Carey by 188.1% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 56,396 shares of the real estate investment trust’s stock valued at $3,072,000 after acquiring an additional 36,824 shares during the last quarter. Barclays PLC boosted its stake in shares of W. P. Carey by 9.6% during the 4th quarter. Barclays PLC now owns 387,839 shares of the real estate investment trust’s stock worth $21,127,000 after acquiring an additional 33,931 shares in the last quarter. TT Capital Management LLC acquired a new position in shares of W. P. Carey in the 4th quarter worth $3,110,000. Finally, Seeds Investor LLC raised its position in shares of W. P. Carey by 9.4% during the fourth quarter. Seeds Investor LLC now owns 5,248 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 450 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Up 1.5 %

WPC stock opened at $62.18 on Friday. The company has a 50 day moving average of $61.28 and a two-hundred day moving average of $58.10. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.06 and a beta of 0.81. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 5.73%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey’s dividend payout ratio (DPR) is currently 170.33%.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target 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. Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Barclays raised their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company increased their target price on 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 assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and a consensus target price 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.