UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,188,603 shares of the real estate investment trust's stock after purchasing an additional 134,523 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.00% of W. P. Carey worth $119,235,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of WPC. National Pension Service purchased a new position in W. P. Carey in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC bought a new stake in W. P. Carey during the 4th quarter valued at $37,000. Wingate Wealth Advisors Inc. purchased a new stake in W. P. Carey during the 4th quarter valued at $37,000. Bessemer Group Inc. grew its holdings in W. P. Carey by 118.6% in the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 402 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of W. P. Carey in the fourth quarter valued at about $48,000. 73.73% of the stock is owned by hedge funds and other institutional investors.
W. P. Carey Trading Up 1.9%
W. P. Carey stock traded up $1.17 during mid-day trading on Tuesday, hitting $62.54. The company's stock had a trading volume of 1,700,186 shares, compared to its average volume of 1,179,262. 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 company has a 50 day moving average of $60.82 and a 200-day moving average of $58.63. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The stock has a market cap of $13.69 billion, a PE ratio of 29.92, a P/E/G ratio of 1.06 and a beta of 0.78.
W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly 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 return on equity of 5.37% and a net margin of 29.11%. The company had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts anticipate that W. P. Carey Inc. will post 4.87 EPS for the current year.
W. P. Carey Increases Dividend
The business also recently disclosed 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 is a boost 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 5.69%. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey's dividend payout ratio is 183.51%.
Analysts Set New Price Targets
Several research firms recently issued reports on WPC. Barclays set a $61.00 target price on W. P. Carey and gave the stock an "underweight" rating in a research note on Wednesday, May 21st. Royal Bank of Canada upped 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. Evercore ISI raised their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research note 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 research report on Tuesday, May 13th. Finally, JMP Securities restated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, W. P. Carey currently has a consensus rating of "Hold" and a consensus target price of $109.00.
Check Out Our Latest Stock Analysis on W. P. Carey
About W. P. Carey
(
Free Report)
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.
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