Lighthouse Investment Partners LLC Decreases Stake in W. P. Carey Inc. (NYSE:WPC)

Lighthouse Investment Partners LLC lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure 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 approximately 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 also recently added to or reduced their stakes in the company. National Pension Service acquired a new stake in W. P. Carey during the fourth quarter worth approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey during the fourth quarter worth approximately $37,000. Millstone Evans Group LLC acquired a new stake in W. P. Carey during the fourth quarter worth approximately $37,000. Bessemer Group Inc. raised its holdings in W. P. Carey by 118.6% during the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in W. P. Carey during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 73.73% of the company's stock.

W. P. Carey Stock Performance

Shares of WPC opened at $61.79 on Monday. 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 stock has a market capitalization of $13.53 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.06 and a beta of 0.78. The company's fifty day moving average is $61.29 and its two-hundred day moving average is $58.26. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (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 business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. On average, sell-side analysts predict 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 paid a $0.89 dividend. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a yield of 5.76%. The ex-dividend date was Monday, March 31st. W. P. Carey's payout ratio is currently 183.51%.

Analysts Set New Price Targets

A number of analysts have weighed in on WPC shares. Royal Bank of Canada raised their price objective on shares of W. P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays lifted their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. Finally, Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $108.50.

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.

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