Nomura Holdings Inc. Takes $2.88 Million Position in W. P. Carey Inc. (NYSE:WPC)

Nomura Holdings Inc. purchased a new position in W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,806 shares of the real estate investment trust's stock, valued at approximately $2,877,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in W. P. Carey by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 30,820,665 shares of the real estate investment trust's stock valued at $1,679,110,000 after purchasing an additional 242,576 shares during the period. Geode Capital Management LLC raised its holdings in shares of W. P. Carey by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock valued at $256,201,000 after buying an additional 135,090 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of W. P. Carey by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock worth $219,170,000 after buying an additional 906,622 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in W. P. Carey by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock worth $143,926,000 after buying an additional 43,197 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in W. P. Carey by 40.3% in the 4th quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock worth $143,894,000 after buying an additional 758,627 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Stock Down 0.2%

Shares of W. P. Carey stock traded down $0.12 during midday trading on Monday, hitting $61.74. The company's stock had a trading volume of 1,017,272 shares, compared to its average volume of 1,170,130. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $13.52 billion, a P/E ratio of 29.54, a PEG ratio of 1.06 and a beta of 0.78. The stock has a 50-day simple moving average of $60.95 and a 200-day simple moving average of $58.41.

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 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The business had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. As a group, sell-side analysts expect that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

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 issued a dividend of $0.89 per share. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Monday, March 31st. W. P. Carey's dividend payout ratio (DPR) is currently 183.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WPC. Barclays upped their price objective on 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 increased 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 research note on Monday, March 10th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Scotiabank upped their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Finally, Evercore ISI raised their price objective on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, W. P. Carey presently has a consensus rating of "Hold" and a consensus target price of $108.88.

About W. P. Carey

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.