W. P. Carey Inc. (NYSE:WPC) Holdings Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,368 shares of the real estate investment trust's stock after selling 143,936 shares during the period. BNP Paribas Financial Markets owned about 0.07% of W. P. Carey worth $8,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service bought a new position in W. P. Carey during the 4th quarter worth $25,000. Wingate Wealth Advisors Inc. bought a new position in W. P. Carey during the 4th quarter worth $37,000. Millstone Evans Group LLC bought a new position in W. P. Carey during the 4th quarter worth $37,000. Bessemer Group Inc. grew its stake in W. P. Carey by 118.6% during the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after buying an additional 402 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new position in W. P. Carey during the 4th quarter worth $48,000. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on WPC shares. Barclays upped 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. Evercore ISI increased their price target on 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. UBS Group decreased their price target on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a research note on Tuesday. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, Scotiabank increased their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $108.88.

W. P. Carey Price Performance

WPC stock traded up $0.63 during trading hours on Friday, hitting $61.88. 1,146,057 shares of the stock traded hands, compared to its average volume of 1,170,744. The stock has a 50-day simple moving average of $60.95 and a 200 day simple moving average of $58.39. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The company has a market cap of $13.55 billion, a P/E ratio of 29.61, a P/E/G ratio of 1.06 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its 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). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The firm had revenue of $407.44 million for the quarter, compared to the consensus estimate of $412.99 million. During the same period in the prior year, the business earned $1.14 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.89 per share. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.75%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) 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.