Deutsche Bank AG Sells 8,503 Shares of W. P. Carey Inc. (NYSE:WPC)

Deutsche Bank AG decreased its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 285,607 shares of the real estate investment trust's stock after selling 8,503 shares during the quarter. Deutsche Bank AG owned about 0.13% of W. P. Carey worth $15,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of WPC. Vanguard Group Inc. lifted its position in W. P. Carey by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock valued at $1,679,110,000 after buying an additional 242,576 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of W. P. Carey by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock valued at $256,201,000 after acquiring an additional 135,090 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in W. P. Carey by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock worth $219,170,000 after purchasing an additional 906,622 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in W. P. Carey by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock worth $143,926,000 after purchasing an additional 43,197 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPC has been the subject of a number of research analyst reports. Wells Fargo & Company upped 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 research note on Monday, March 10th. Scotiabank lifted their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Evercore ISI raised their target price 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. Barclays upped their price target on shares of W. P. Carey from $60.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their target price on W. P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One research 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 data from MarketBeat, W. P. Carey currently has a consensus rating of "Hold" and an average price target of $109.00.

W. P. Carey Stock Performance

W. P. Carey stock traded down $0.24 during trading hours on Wednesday, hitting $60.82. The stock had a trading volume of 206,714 shares, compared to its average volume of 1,197,133. The company has a market cap of $13.32 billion, a PE ratio of 29.10, a price-to-earnings-growth 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 Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The company has a 50-day moving average of $60.94 and a two-hundred day moving average of $58.47.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). The business had revenue of $407.44 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The business also recently announced 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 represents a $3.56 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Monday, March 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is 183.51%.

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.