141,553 Shares in W. P. Carey Inc. (NYSE:WPC) Acquired by Natixis

Natixis acquired a new stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 141,553 shares of the real estate investment trust's stock, valued at approximately $7,712,000. Natixis owned 0.06% of W. P. Carey as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the business. DF Dent & Co. Inc. boosted its holdings in shares of W. P. Carey by 3.5% in the 4th quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock worth $298,000 after purchasing an additional 183 shares in the last quarter. HighTower Advisors LLC lifted its holdings in W. P. Carey by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after buying an additional 193 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in W. P. Carey by 3.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust's stock valued at $474,000 after acquiring an additional 259 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of W. P. Carey by 7.7% during the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 271 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in shares of W. P. Carey by 2.4% during the 4th quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust's stock worth $649,000 after acquiring an additional 276 shares during the period. Institutional investors own 73.73% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WPC. Scotiabank increased their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. BMO Capital Markets raised W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. Evercore ISI lifted their target price 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. Royal Bank of Canada upped their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their target price on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, W. P. Carey has a consensus rating of "Hold" and an average price target of $63.75.

W. P. Carey Price Performance

Shares of WPC stock traded down $0.09 on Friday, reaching $60.62. The company's stock had a trading volume of 615,830 shares, compared to its average volume of 1,180,364. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock's fifty day simple moving average is $61.63 and its 200-day simple moving average is $58.14. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.89 dividend. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.87%. 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 currently 170.33%.

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.