Two Sigma Investments LP Increases Position in W. P. Carey Inc. (NYSE:WPC)

Two Sigma Investments LP boosted its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,797 shares of the real estate investment trust's stock after purchasing an additional 11,180 shares during the period. Two Sigma Investments LP's holdings in W. P. Carey were worth $2,604,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WPC. Blue Trust Inc. raised its stake in 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 purchasing an additional 1,793 shares during the period. Forsta AP Fonden raised its stake in W. P. Carey by 2.5% during the fourth quarter. Forsta AP Fonden now owns 91,300 shares of the real estate investment trust's stock worth $4,974,000 after purchasing an additional 2,200 shares during the period. Mediolanum International Funds Ltd raised its stake in W. P. Carey by 4.3% during the fourth 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 during the period. Keudell Morrison Wealth Management purchased a new position in W. P. Carey during the fourth quarter worth about $223,000. Finally, Austin Private Wealth LLC raised its stake in W. P. Carey by 8.0% during the fourth quarter. Austin Private Wealth LLC now owns 7,608 shares of the real estate investment trust's stock worth $414,000 after purchasing an additional 566 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Up 0.3%

Shares of W. P. Carey stock traded up $0.18 during trading hours on Tuesday, reaching $62.45. 414,969 shares of the company were exchanged, compared to its average volume of 1,179,772. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. The stock's fifty day moving average is $60.92 and its 200 day moving average is $58.89. 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 firm has a market cap of $13.68 billion, a PE ratio of 29.88, a PEG ratio of 1.06 and a beta of 0.78.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The company had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. During the same period in the prior year, the company posted $1.14 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.89 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.70%. W. P. Carey's dividend payout ratio is currently 183.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays set a $61.00 price objective on shares of W. P. Carey and gave the stock an "underweight" rating in a research report on Wednesday, May 21st. Wells Fargo & Company increased their price objective 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. UBS Group lowered their price objective on shares of W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $109.00.

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.