BI Asset Management Fondsmaeglerselskab A S Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,955 shares of the real estate investment trust's stock, valued at approximately $597,000.

A number of other large investors also recently bought and sold shares of the stock. National Pension Service purchased a new position in shares of W. P. Carey in the 4th quarter valued at about $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey in the fourth quarter valued at approximately $37,000. Millstone Evans Group LLC acquired a new stake in W. P. Carey in the fourth quarter valued at approximately $37,000. Bessemer Group Inc. increased its position in shares of W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of W. P. Carey during the 4th quarter worth approximately $48,000. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price target on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Evercore ISI boosted 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 note on Wednesday, February 19th. Scotiabank raised 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 note on Wednesday, March 12th. Barclays boosted their price objective on 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, JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.75.

W. P. Carey Price Performance

WPC stock traded up $0.42 during mid-day trading on Tuesday, reaching $61.18. The company's stock had a trading volume of 128,241 shares, compared to its average volume of 1,174,751. 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 company's 50 day moving average is $61.64 and its two-hundred day moving average is $58.12. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The stock has a market cap of $13.40 billion, a PE ratio of 29.31, a P/E/G ratio of 1.06 and a beta of 0.81.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.89 per share. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.82%. W. P. Carey's dividend payout ratio (DPR) is presently 170.33%.

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.