W. P. Carey Inc. (NYSE:WPC) Stock Position Decreased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC decreased its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,000 shares of the real estate investment trust's stock after selling 10,000 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.09% of W. P. Carey worth $10,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service acquired a new position in shares of W. P. Carey during the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of W. P. Carey during the 4th quarter valued at $37,000. Millstone Evans Group LLC acquired a new position in shares of W. P. Carey during the 4th quarter valued at $37,000. Bessemer Group Inc. lifted its holdings 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 acquiring an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of W. P. Carey during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 73.73% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WPC. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Evercore ISI boosted their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Barclays boosted their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. UBS Group cut 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. Finally, JMP Securities reiterated 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 assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $108.88.

W. P. Carey Stock Up 1.0%

Shares of W. P. Carey stock traded up $0.63 during trading on Friday, reaching $61.88. The company had a trading volume of 1,146,057 shares, compared to its average volume of 1,170,744. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. The firm's fifty day moving average is $60.95 and its 200-day moving average is $58.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The company 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 business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. On average, 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio is 183.51%.

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.