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

GAMMA Investing LLC increased its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 8,486.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,193 shares of the real estate investment trust's stock after acquiring an additional 160,304 shares during the period. GAMMA Investing LLC owned about 0.07% of W. P. Carey worth $10,236,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in W. P. Carey during the 4th quarter worth about $139,381,000. Demars Financial Group LLC boosted its position in shares of W. P. Carey by 10,001.1% during the fourth quarter. Demars Financial Group LLC now owns 998,292 shares of the real estate investment trust's stock worth $54,387,000 after buying an additional 988,409 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of W. P. Carey by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock worth $219,170,000 after buying an additional 906,622 shares in the last quarter. Northern Trust Corp raised its position in W. P. Carey by 40.3% in the 4th quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after buying an additional 758,627 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in W. P. Carey in the 4th quarter valued at approximately $31,442,000. 73.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WPC. 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 research note on Tuesday, May 13th. Barclays set a $61.00 target price on shares of W. P. Carey and gave the company an "underweight" rating in a research report on Wednesday, May 21st. 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 research report on Monday, March 10th. Scotiabank increased their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada raised their price objective on W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $109.00.

W. P. Carey Stock Performance

NYSE:WPC traded up $0.51 during mid-day trading on Friday, hitting $62.60. The stock had a trading volume of 710,666 shares, compared to its average volume of 1,175,206. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 1.06 and a beta of 0.80. The company's 50 day simple moving average is $60.87 and its 200 day simple moving average is $59.03.

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 (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The business had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. During the same quarter in the prior year, the company earned $1.14 EPS. W. P. Carey's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.69%. W. P. Carey's dividend payout ratio (DPR) is currently 183.51%.

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.