571,289 Shares in W. P. Carey Inc. (NYSE:WPC) Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 571,289 shares of the real estate investment trust's stock, valued at approximately $31,124,000. Caisse DE Depot ET Placement DU Quebec owned 0.26% of W. P. Carey at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp raised its holdings in W. P. Carey by 40.3% in the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock worth $143,894,000 after purchasing an additional 758,627 shares during the period. Quarry LP acquired a new stake in W. P. Carey during the 4th quarter worth $50,000. Susquehanna Fundamental Investments LLC acquired a new position in W. P. Carey in the fourth quarter valued at about $2,742,000. Coldstream Capital Management Inc. increased its holdings in shares of W. P. Carey by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 48,758 shares of the real estate investment trust's stock worth $2,656,000 after acquiring an additional 1,626 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of W. P. Carey by 5.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 49,997 shares of the real estate investment trust's stock worth $2,724,000 after purchasing an additional 2,382 shares during the period. Institutional investors own 73.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WPC. JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their price objective on shares of W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday. Evercore ISI increased their target price on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Scotiabank boosted their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey has a consensus rating of "Hold" and an average price target of $108.50.

W. P. Carey Stock Down 0.2 %

Shares of NYSE:WPC traded down $0.09 during midday trading on Monday, reaching $61.60. The company had a trading volume of 642,344 shares, compared to its average volume of 1,169,405. The business's 50 day moving average price is $61.54 and its 200 day moving average price is $58.19. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year 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. The stock has a market cap of $13.49 billion, a PE ratio of 29.47, a P/E/G ratio of 1.06 and a beta of 0.81.

W. P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). The company had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Research analysts forecast that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.78%. W. P. Carey's payout ratio is currently 183.51%.

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.