Nomura Holdings Inc. acquired a new position in W. P. Carey Inc. (NYSE:WPC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,806 shares of the real estate investment trust's stock, valued at approximately $2,877,000.
A number of other large investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp boosted its stake in shares of W. P. Carey by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,130 shares of the real estate investment trust's stock valued at $497,000 after purchasing an additional 1,548 shares in the last quarter. Mubadala Investment Co PJSC purchased a new stake in W. P. Carey during the fourth quarter valued at about $2,364,000. Millennium Management LLC lifted its holdings in shares of W. P. Carey by 514.7% in the fourth quarter. Millennium Management LLC now owns 538,933 shares of the real estate investment trust's stock worth $29,361,000 after buying an additional 451,262 shares in the last quarter. Janus Henderson Group PLC boosted its stake in W. P. Carey by 130.2% during the fourth quarter. Janus Henderson Group PLC now owns 27,585 shares of the real estate investment trust's stock valued at $1,503,000 after buying an additional 15,600 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in W. P. Carey by 16.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 156,091 shares of the real estate investment trust's stock worth $8,504,000 after acquiring an additional 22,516 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.
W. P. Carey Stock Down 0.4%
WPC stock traded down $0.24 during mid-day trading on Wednesday, reaching $60.82. The company had a trading volume of 333,393 shares, compared to its average volume of 1,167,503. The firm has a fifty day simple moving average of $60.94 and a 200 day simple moving average of $58.47. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $66.10.
W. P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 5.37% and a net margin of 29.11%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Analysts forecast that W. P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.
W. P. Carey Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date 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 is 183.51%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WPC. UBS Group lowered their price objective on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Evercore ISI lifted their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Scotiabank upped their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Royal Bank of Canada boosted 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. Finally, Barclays raised their price objective on shares of W. P. Carey from $60.00 to $61.00 and gave the stock an "underweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $109.00.
View Our Latest Stock Analysis on W. P. Carey
W. P. Carey Profile
(
Free Report)
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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