Mercer Global Advisors Inc. ADV Has $5.11 Million Position in W. P. Carey Inc. (NYSE:WPC)

Mercer Global Advisors Inc. ADV lessened its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,775 shares of the real estate investment trust's stock after selling 12,848 shares during the period. Mercer Global Advisors Inc. ADV's holdings in W. P. Carey were worth $5,109,000 at the end of the most recent quarter.

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

W. P. Carey Price Performance

WPC stock traded up $1.01 during trading on Friday, reaching $61.79. 783,517 shares of the company were exchanged, compared to its average volume of 1,166,535. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $61.35 and a two-hundred day moving average of $58.25. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.03). The firm had revenue of $407.44 million for 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 company's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. As a group, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend 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 (DPR) is 183.51%.

Analysts Set New Price Targets

WPC has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. 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 research report on Thursday, May 1st. Barclays raised their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 4th. Scotiabank upped their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.