Dimensional Fund Advisors LP Has $172.74 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Dimensional Fund Advisors LP lessened its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,170,736 shares of the real estate investment trust's stock after selling 10,230 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of W. P. Carey worth $172,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DF Dent & Co. Inc. grew its stake in W. P. Carey by 3.5% during the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock valued at $298,000 after acquiring an additional 183 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of W. P. Carey by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after purchasing an additional 193 shares during the period. Capital Investment Advisory Services LLC grew its position in W. P. Carey by 3.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust's stock valued at $474,000 after purchasing an additional 259 shares in the last quarter. Empowered Funds LLC increased its stake in W. P. Carey by 7.7% in 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 period. Finally, Cooper Financial Group boosted its stake in shares of W. P. Carey by 2.4% during the 4th quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust's stock valued at $649,000 after buying an additional 276 shares during the period. Hedge funds and other institutional investors own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WPC. 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 report on Wednesday, March 12th. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Evercore ISI boosted 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. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $63.75.

W. P. Carey Stock Performance

W. P. Carey stock traded up $0.42 during trading hours on Tuesday, reaching $61.18. 128,241 shares of the company were exchanged, compared to its average volume of 1,174,751. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $66.10. 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 stock has a 50-day moving average of $61.64 and a 200 day moving average of $58.12. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.06 and a beta of 0.81.

W. P. Carey Increases Dividend

The company also recently disclosed 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 an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey's dividend payout ratio is currently 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.