Achmea Investment Management B.V. Buys 16,540 Shares of W.P. Carey Inc. (NYSE:WPC)

Achmea Investment Management B.V. grew its stake in W.P. Carey Inc. (NYSE:WPC - Free Report) by 10.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,202 shares of the real estate investment trust's stock after purchasing an additional 16,540 shares during the quarter. Achmea Investment Management B.V. owned about 0.08% of W.P. Carey worth $10,931,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. IAG Wealth Partners LLC grew its position in shares of W.P. Carey by 7.0% in the 1st quarter. IAG Wealth Partners LLC now owns 2,495 shares of the real estate investment trust's stock worth $157,000 after buying an additional 163 shares during the period. DF Dent & Co. Inc. grew its position in shares of W.P. Carey by 3.5% in the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock worth $298,000 after buying an additional 183 shares during the period. HighTower Advisors LLC grew its position in shares of W.P. Carey by 0.4% in 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 period. B. Riley Wealth Advisors Inc. grew its position in shares of W.P. Carey by 5.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 6,165 shares of the real estate investment trust's stock worth $341,000 after buying an additional 315 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of W.P. Carey by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 44,584 shares of the real estate investment trust's stock worth $2,429,000 after buying an additional 330 shares during the period. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Stock Performance

Shares of WPC stock opened at $62.82 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 7.01 and a beta of 0.80. The company's 50-day moving average is $62.09 and its 200 day moving average is $59.72. W.P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10.

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 analysts' consensus estimates of $1.20 by ($0.03). The company had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Sell-side analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Monday, June 30th. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio (DPR) is presently 183.51%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WPC shares. Wells Fargo & Company upped their target price on shares of W.P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. UBS Group reduced their target price on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank increased their price objective on shares of 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. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada increased their price objective on shares of W.P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, W.P. Carey presently has an average rating of "Hold" and an average price target of $100.40.

About W.P. Carey

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.

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