DekaBank Deutsche Girozentrale Grows Position in W. P. Carey Inc. (NYSE:WPC)

DekaBank Deutsche Girozentrale boosted its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 57.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 138,200 shares of the real estate investment trust's stock after acquiring an additional 50,470 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of W. P. Carey worth $9,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tritonpoint Wealth LLC bought a new stake in shares of W. P. Carey during the fourth quarter valued at about $352,000. New York State Teachers Retirement System bought a new stake in shares of W. P. Carey during the fourth quarter valued at about $12,438,000. Venture Visionary Partners LLC bought a new stake in shares of W. P. Carey during the fourth quarter valued at about $243,000. Prime Capital Investment Advisors LLC increased its position in shares of W. P. Carey by 14.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 6,226 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 783 shares during the period. Finally, Sowell Financial Services LLC increased its position in shares of W. P. Carey by 13.0% during the fourth quarter. Sowell Financial Services LLC now owns 38,333 shares of the real estate investment trust's stock valued at $2,517,000 after buying an additional 4,424 shares during the period. 73.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays assumed coverage on W. P. Carey in a research note on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 target price for the company. Royal Bank of Canada reduced their price target on shares of W. P. Carey from $68.00 to $65.00 and set an "outperform" rating on the stock in a research report on Monday, February 12th. Wells Fargo & Company reduced their price target on shares of W. P. Carey from $66.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 20th. StockNews.com assumed coverage on shares of W. P. Carey in a report on Thursday, January 4th. They issued a "hold" rating on the stock. Finally, Scotiabank cut their target price on shares of W. P. Carey from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, W. P. Carey has an average rating of "Hold" and a consensus price target of $63.36.

W. P. Carey Trading Down 3.6 %

WPC stock traded down $2.10 on Wednesday, reaching $55.66. The company's stock had a trading volume of 1,324,878 shares, compared to its average volume of 1,395,719. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $12.18 billion, a PE ratio of 16.87, a PEG ratio of 0.44 and a beta of 0.86. The business has a fifty day simple moving average of $56.90 and a two-hundred day simple moving average of $58.71. W. P. Carey Inc. has a 12-month low of $51.36 and a 12-month high of $74.66.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.14. The firm had revenue of $410.38 million during the quarter, compared to analyst estimates of $413.04 million. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. W. P. Carey's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 EPS. As a group, research analysts forecast that W. P. Carey Inc. will post 4.57 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.865 dividend. This represents a $3.46 annualized dividend and a yield of 6.22%. This is an increase from W. P. Carey's previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, March 27th. W. P. Carey's dividend payout ratio (DPR) is presently 104.85%.

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.