Aew Capital Management L P Grows Holdings in W. P. Carey Inc. (NYSE:WPC)

Aew Capital Management L P grew its stake in W. P. Carey Inc. (NYSE:WPC - Free Report) by 92.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 296,460 shares of the real estate investment trust's stock after acquiring an additional 142,600 shares during the period. Aew Capital Management L P owned about 0.14% of W. P. Carey worth $19,214,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raleigh Capital Management Inc. raised its stake in shares of W. P. Carey by 3.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,053 shares of the real estate investment trust's stock valued at $273,000 after acquiring an additional 191 shares during the period. Gradient Capital Advisors LLC grew its holdings in shares of W. P. Carey by 0.6% in the fourth quarter. Gradient Capital Advisors LLC now owns 34,180 shares of the real estate investment trust's stock valued at $2,215,000 after purchasing an additional 199 shares in the last quarter. Capital Planning Advisors LLC grew its holdings in shares of W. P. Carey by 5.5% in the third quarter. Capital Planning Advisors LLC now owns 3,953 shares of the real estate investment trust's stock valued at $214,000 after purchasing an additional 207 shares in the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of W. P. Carey by 4.7% in the third quarter. Retirement Planning Co of New England Inc. now owns 4,881 shares of the real estate investment trust's stock valued at $264,000 after purchasing an additional 221 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of W. P. Carey by 4.6% in the third quarter. Main Street Financial Solutions LLC now owns 5,058 shares of the real estate investment trust's stock valued at $274,000 after purchasing an additional 224 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Performance

WPC stock traded down $0.98 on Friday, hitting $55.00. The company's stock had a trading volume of 1,167,308 shares, compared to its average volume of 1,354,342. The firm has a 50 day moving average of $56.04 and a two-hundred day moving average of $58.79. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $74.66. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.89.

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

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.865 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from W. P. Carey's previous quarterly dividend of $0.86. This represents a $3.46 dividend on an annualized basis and a dividend yield of 6.29%. W. P. Carey's dividend payout ratio is 104.85%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPC. StockNews.com began coverage on shares of W. P. Carey in a report on Thursday, January 4th. They issued a "hold" rating for the company. Wells Fargo & Company dropped their price objective on shares of W. P. Carey from $66.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, February 20th. Scotiabank dropped their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a "sector perform" rating for the company in a report on Monday, March 4th. Royal Bank of Canada lowered their price target on shares of W. P. Carey from $68.00 to $65.00 and set an "outperform" rating for the company in a report on Monday, February 12th. Finally, Barclays initiated coverage on shares of W. P. Carey in a report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.

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