232,463 Shares in W. P. Carey Inc. (NYSE:WPC) Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. acquired a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 232,463 shares of the real estate investment trust's stock, valued at approximately $12,665,000. Alyeska Investment Group L.P. owned 0.11% of W. P. Carey as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service acquired a new position in shares of W. P. Carey during the fourth quarter worth about $25,000. Wingate Wealth Advisors Inc. acquired a new position in W. P. Carey during the 4th quarter worth approximately $37,000. Millstone Evans Group LLC purchased a new stake in shares of W. P. Carey in the 4th quarter valued at approximately $37,000. Bessemer Group Inc. raised its holdings in shares of W. P. Carey by 118.6% in the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in shares of W. P. Carey during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Performance

WPC traded up $1.01 on Friday, hitting $61.79. 816,135 shares of the company traded hands, compared to its average volume of 1,169,975. The company has a 50 day moving average of $61.29 and a 200-day moving average of $58.27. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The stock has a market capitalization of $13.53 billion, a PE ratio of 29.56, a PEG ratio of 1.06 and a beta of 0.78. 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 (NYSE:WPC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.03). The company had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. W. P. Carey's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. Sell-side analysts anticipate that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The company also recently declared 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 is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey's dividend payout ratio is currently 183.51%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI raised their price target on W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Scotiabank raised their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Royal Bank of Canada increased their target price 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, May 1st. Wells Fargo & Company boosted their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $108.50.

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.