GAMMA Investing LLC Has $10.24 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

GAMMA Investing LLC increased its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 8,486.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,193 shares of the real estate investment trust's stock after buying an additional 160,304 shares during the quarter. GAMMA Investing LLC owned about 0.07% of W. P. Carey worth $10,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in W. P. Carey by 26.2% in the 4th quarter. Wellington Management Group LLP now owns 319,738 shares of the real estate investment trust's stock worth $17,419,000 after buying an additional 66,319 shares in the last quarter. California State Teachers Retirement System grew its holdings in W. P. Carey by 3.1% in the 4th quarter. California State Teachers Retirement System now owns 313,452 shares of the real estate investment trust's stock worth $17,077,000 after buying an additional 9,391 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in W. P. Carey by 38.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 201,509 shares of the real estate investment trust's stock worth $10,978,000 after buying an additional 56,121 shares in the last quarter. BridgePort Financial Solutions LLC bought a new position in W. P. Carey in the 4th quarter worth approximately $1,499,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in W. P. Carey by 5.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 6,165 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 315 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WPC. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price target for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays set a $61.00 price target on W. P. Carey and gave the company an "underweight" rating in a research note on Wednesday, May 21st. Evercore ISI increased 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. UBS Group decreased their price target on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada increased their price target on 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 given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $100.40.

W. P. Carey Price Performance

Shares of WPC traded down $0.11 during trading hours on Wednesday, hitting $63.31. 748,431 shares of the company were exchanged, compared to its average volume of 1,172,744. The company has a market capitalization of $13.86 billion, a PE ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a fifty day simple moving average of $61.01 and a 200-day simple moving average of $59.15. 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 released 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). The company had revenue of $407.44 million for the quarter, compared to the consensus estimate of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts predict that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 5.62%. The ex-dividend date was Monday, March 31st. This is a boost 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 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.