Quantinno Capital Management LP Purchases 27,498 Shares of W. P. Carey Inc. (NYSE:WPC)

Quantinno Capital Management LP raised its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 120.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,382 shares of the real estate investment trust's stock after purchasing an additional 27,498 shares during the quarter. Quantinno Capital Management LP's holdings in W. P. Carey were worth $2,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WPC. Vanguard Group Inc. lifted its stake in W. P. Carey by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock valued at $1,679,110,000 after acquiring an additional 242,576 shares in the last quarter. Geode Capital Management LLC lifted its stake in W. P. Carey by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock valued at $256,201,000 after acquiring an additional 135,090 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of W. P. Carey by 29.1% during the 4th 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 purchasing an additional 906,622 shares during the period. Charles Schwab Investment Management Inc. raised its stake in W. P. Carey by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock valued at $143,926,000 after acquiring an additional 43,197 shares during the period. Finally, Northern Trust Corp raised its stake 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 acquiring an additional 758,627 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

W. P. Carey Trading Up 1.9%

WPC stock traded up $1.15 on Friday, reaching $61.37. The company's stock had a trading volume of 1,398,538 shares, compared to its average volume of 1,176,982. The business has a fifty day simple moving average of $60.83 and a two-hundred day simple moving average of $58.56. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $66.10. The firm has a market cap of $13.44 billion, a PE ratio of 29.36, a PEG ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $412.99 million. During the same quarter last year, the firm posted $1.14 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. As a group, research analysts forecast that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently declared 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 5.80%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is currently 183.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WPC. Scotiabank upped their price target on 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. UBS Group decreased their price objective 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. Evercore ISI upped their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays set a $61.00 target price on W. P. Carey and gave the stock an "underweight" rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on W. P. Carey from $58.00 to $66.00 and gave the stock 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 given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $109.00.

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.