Wellington Management Group LLP Grows Position in W. P. Carey Inc. (NYSE:WPC)

Wellington Management Group LLP lifted its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,738 shares of the real estate investment trust's stock after acquiring an additional 66,319 shares during the quarter. Wellington Management Group LLP owned approximately 0.15% of W. P. Carey worth $17,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPC. National Pension Service purchased a new stake in W. P. Carey during the fourth quarter valued at about $25,000. Wingate Wealth Advisors Inc. purchased a new position in W. P. Carey in the 4th quarter worth approximately $37,000. Millstone Evans Group LLC bought a new stake in shares of W. P. Carey in the fourth quarter worth about $37,000. Bessemer Group Inc. boosted its stake in shares of W. P. Carey by 118.6% during the 4th quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 402 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of W. P. Carey during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Trading Down 0.0%

Shares of NYSE WPC traded down $0.02 during trading on Tuesday, reaching $62.25. The stock 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 quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $13.63 billion, a P/E ratio of 29.78, a PEG ratio of 1.06 and a beta of 0.78. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The business's 50-day moving average price is $60.92 and its 200-day moving average price is $58.89.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, equities research analysts predict that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WPC shares. Wells Fargo & Company raised their price target on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Evercore ISI upped their price target 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. Scotiabank lifted their price objective on shares of 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. Royal Bank of Canada upped their price target on shares of W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their target price for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.