Cozad Asset Management Inc. Has $1.62 Million Position in W.P. Carey Inc. (NYSE:WPC)

Cozad Asset Management Inc. trimmed its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 47.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,698 shares of the real estate investment trust's stock after selling 23,315 shares during the period. Cozad Asset Management Inc.'s holdings in W.P. Carey were worth $1,622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WPC. Geode Capital Management LLC increased its stake in shares of W.P. Carey by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock worth $256,201,000 after acquiring an additional 135,090 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of W.P. Carey by 4.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,218,419 shares of the real estate investment trust's stock worth $266,224,000 after acquiring an additional 195,466 shares during the last quarter. Northern Trust Corp increased 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 acquiring an additional 758,627 shares during the last quarter. Norges Bank acquired a new position in shares of W.P. Carey in the fourth quarter worth $139,381,000. Finally, Bank of New York Mellon Corp increased its stake in shares of W.P. Carey by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 2,248,019 shares of the real estate investment trust's stock worth $141,872,000 after acquiring an additional 10,114 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th. UBS Group decreased their price target 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 upped their price target on shares of W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. BNP Paribas Exane upgraded shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target for the company in a report on Monday, June 9th. Finally, Royal Bank Of Canada increased their target price on shares of W.P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $104.22.

W.P. Carey Price Performance

NYSE WPC traded down $0.98 during trading on Wednesday, reaching $63.72. 2,670,330 shares of the company traded hands, compared to its average volume of 1,103,215. 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 stock's 50 day moving average price is $62.86 and its two-hundred day moving average price is $60.98. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 6.36 and a beta of 0.78. W.P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.64.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a return on equity of 3.97% and a net margin of 20.42%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.90 per share. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.65%. W.P. Carey's dividend payout ratio (DPR) is presently 185.57%.

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.