Daiwa Securities Group Inc. Purchases 1,124,010 Shares of W. P. Carey Inc. (NYSE:WPC)

Daiwa Securities Group Inc. lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 44.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,640,966 shares of the real estate investment trust's stock after acquiring an additional 1,124,010 shares during the quarter. W. P. Carey accounts for about 1.5% of Daiwa Securities Group Inc.'s holdings, making the stock its 17th largest position. Daiwa Securities Group Inc. owned about 1.67% of W. P. Carey worth $235,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Telos Capital Management Inc. purchased a new stake in shares of W. P. Carey during the fourth quarter valued at approximately $274,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of W. P. Carey by 64.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 131,476 shares of the real estate investment trust's stock valued at $8,521,000 after acquiring an additional 51,320 shares during the last quarter. Bourgeon Capital Management LLC increased its position in W. P. Carey by 17.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 3,296 shares of the real estate investment trust's stock worth $214,000 after buying an additional 500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in W. P. Carey by 1.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 762,912 shares of the real estate investment trust's stock worth $49,444,000 after buying an additional 12,601 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in W. P. Carey in the fourth quarter worth $1,067,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Price Performance

NYSE:WPC traded up $0.18 during trading hours on Wednesday, hitting $53.50. 1,080,296 shares of the company's stock traded hands, compared to its average volume of 1,384,425. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.89. The business's fifty day simple moving average is $56.22 and its two-hundred day simple moving average is $58.69. W. P. Carey Inc. has a 52 week low of $51.36 and a 52 week high of $74.66. The firm has a market cap of $11.71 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.43 and a beta of 0.86.

W. P. Carey (NYSE:WPC - Get Free Report) last issued 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. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. The firm had revenue of $410.38 million during the quarter, compared to analyst estimates of $413.04 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that W. P. Carey Inc. will post 4.57 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 Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.865 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from W. P. Carey's previous quarterly dividend of $0.86. W. P. Carey's payout ratio is 104.85%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WPC shares. Barclays started coverage on W. P. Carey in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 target price for the company. Royal Bank of Canada decreased their target price on W. P. Carey from $68.00 to $65.00 and set an "outperform" rating for the company in a research report on Monday, February 12th. StockNews.com started coverage on W. P. Carey in a research report on Thursday, January 4th. They issued a "hold" rating for the company. Wells Fargo & Company decreased their target price on W. P. Carey from $66.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 20th. Finally, Raymond James cut W. P. Carey from an "outperform" rating to a "market perform" rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, W. P. Carey currently has a consensus rating of "Hold" and a consensus price target of $63.36.

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.