Deutsche Bank AG Cuts Stake in W. P. Carey Inc. (NYSE:WPC)

Deutsche Bank AG reduced its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,607 shares of the real estate investment trust's stock after selling 8,503 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of W. P. Carey worth $15,560,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. DF Dent & Co. Inc. lifted its stake in W. P. Carey by 3.5% in the fourth quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock worth $298,000 after acquiring an additional 183 shares during the period. HighTower Advisors LLC raised its position in W. P. Carey by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after buying an additional 193 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of W. P. Carey by 3.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust's stock valued at $474,000 after buying an additional 259 shares during the last quarter. Empowered Funds LLC raised its stake in shares of W. P. Carey by 7.7% during the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock valued at $206,000 after buying an additional 271 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of W. P. Carey by 3.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 8,299 shares of the real estate investment trust's stock valued at $452,000 after purchasing an additional 289 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Down 0.2%

NYSE:WPC traded down $0.12 during midday trading on Monday, reaching $61.74. The company had a trading volume of 1,017,272 shares, compared to its average volume of 1,170,130. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The stock's fifty day simple moving average is $60.95 and its 200-day simple moving average is $58.41. 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 firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.06 and a beta of 0.78.

W. P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 5.37% and a net margin of 29.11%. The company had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. During the same quarter in the prior year, the firm posted $1.14 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.77%. W. P. Carey's dividend payout ratio is 183.51%.

Analyst Ratings Changes

WPC has been the subject of several recent analyst reports. 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. UBS Group dropped their price objective on shares of W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Evercore ISI increased their price objective on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Scotiabank increased their price objective on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $108.88.

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.