W. P. Carey Inc. (NYSE:WPC) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its holdings in W. P. Carey Inc. (NYSE:WPC - Free Report) by 75.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,172 shares of the real estate investment trust's stock after selling 51,037 shares during the period. Squarepoint Ops LLC's holdings in W. P. Carey were worth $881,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WPC. Blue Trust Inc. increased its position in shares of W. P. Carey by 115.0% during the fourth quarter. Blue Trust Inc. now owns 3,352 shares of the real estate investment trust's stock worth $183,000 after acquiring an additional 1,793 shares during the period. Mediolanum International Funds Ltd grew its stake in W. P. Carey by 4.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 18,478 shares of the real estate investment trust's stock worth $1,006,000 after purchasing an additional 768 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in W. P. Carey by 7.2% during the 4th quarter. Tritonpoint Wealth LLC now owns 4,453 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 300 shares during the period. DAVENPORT & Co LLC raised its position in W. P. Carey by 33.4% in the 4th quarter. DAVENPORT & Co LLC now owns 120,490 shares of the real estate investment trust's stock valued at $6,565,000 after purchasing an additional 30,191 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of W. P. Carey in the 4th quarter valued at about $2,666,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Down 0.0%

Shares of W. P. Carey stock traded down $0.02 during trading hours on Tuesday, hitting $62.25. The company had a trading volume of 1,033,693 shares, compared to its average volume of 1,182,162. 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 company's 50-day moving average is $60.92 and its two-hundred day moving average is $58.89. The company has a market cap of $13.63 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month 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 (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 company had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. During the same quarter in the prior year, the company earned $1.14 EPS. The business's revenue was up 5.3% on a year-over-year basis. Analysts anticipate that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date was Monday, March 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is currently 183.51%.

Analyst Ratings Changes

WPC has been the topic of a number of recent research reports. Barclays set a $61.00 target price on shares of W. P. Carey and gave the stock an "underweight" rating in a research note on Wednesday, May 21st. Evercore ISI increased their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. UBS Group reduced 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 report on Tuesday, May 13th. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Finally, Royal Bank of Canada increased their target price 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $109.00.

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.