Vident Advisory LLC Has $1.34 Million Stock Position in W. P. Carey Inc. (NYSE:WPC)

Vident Advisory LLC decreased its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,645 shares of the real estate investment trust's stock after selling 9,615 shares during the period. Vident Advisory LLC's holdings in W. P. Carey were worth $1,343,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WPC. Two Sigma Advisers LP purchased a new position in shares of W. P. Carey in the 4th quarter valued at about $458,000. Two Sigma Investments LP grew its position in W. P. Carey by 30.5% during the fourth quarter. Two Sigma Investments LP now owns 47,797 shares of the real estate investment trust's stock valued at $2,604,000 after acquiring an additional 11,180 shares during the period. Toronto Dominion Bank grew its position in W. P. Carey by 6.8% during the fourth quarter. Toronto Dominion Bank now owns 29,414 shares of the real estate investment trust's stock valued at $1,602,000 after acquiring an additional 1,863 shares during the period. Quantinno Capital Management LP grew its position in W. P. Carey by 120.2% during the fourth quarter. Quantinno Capital Management LP now owns 50,382 shares of the real estate investment trust's stock valued at $2,745,000 after acquiring an additional 27,498 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its position in W. P. Carey by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 58,450 shares of the real estate investment trust's stock valued at $3,186,000 after acquiring an additional 1,117 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

Wall Street Analyst Weigh In

WPC has been the subject of several analyst reports. Royal Bank of Canada upped their target price on W. P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their price target on 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. Barclays set a $61.00 price objective on W. P. Carey and gave the stock an "underweight" rating in a report on Wednesday, May 21st. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price target for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, UBS Group cut their price objective on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, W. P. Carey presently has a consensus rating of "Hold" and an average target price of $109.00.

W. P. Carey Price Performance

NYSE WPC traded down $0.14 during trading hours on Thursday, reaching $62.70. 489,600 shares of the company's stock were exchanged, compared to its average volume of 1,175,999. The stock has a market cap of $13.73 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The firm has a fifty day moving average of $60.87 and a 200-day moving average of $58.69. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). The firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. On average, equities research analysts predict that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal 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 is a positive change from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.68%. The ex-dividend date was Monday, March 31st. 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.