W. P. Carey Inc. (NYSE:WPC) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its position in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,754 shares of the real estate investment trust's stock after purchasing an additional 10,039 shares during the quarter. MetLife Investment Management LLC owned 0.06% of W. P. Carey worth $7,069,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WPC. National Pension Service bought a new stake in W. P. Carey in the 4th quarter valued at $25,000. Millstone Evans Group LLC bought a new position in W. P. Carey during the fourth quarter valued at approximately $37,000. Wingate Wealth Advisors Inc. purchased a new position in W. P. Carey during the 4th quarter valued at approximately $37,000. Bessemer Group Inc. raised 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 worth $40,000 after acquiring an additional 402 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in shares of W. P. Carey during the 4th quarter valued at approximately $48,000. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Stock Down 0.3 %

Shares of WPC stock traded down $0.17 during mid-day trading on Monday, hitting $60.45. 169,086 shares of the stock traded hands, compared to its average volume of 1,176,424. 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 stock has a market cap of $13.24 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.06 and a beta of 0.81. The stock's fifty day moving average is $61.63 and its two-hundred day moving average is $58.12. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.89 per share. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Monday, March 31st. W. P. Carey's payout ratio is presently 170.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company lifted 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. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Scotiabank increased 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, Evercore ISI upped their target price on W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.75.

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.