Charles Schwab Investment Management Inc. Has $157.91 Million Stake in W. P. Carey Inc. (NYSE:WPC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,436,469 shares of the real estate investment trust's stock after buying an additional 99,413 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of W. P. Carey worth $157,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in W. P. Carey by 44.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,640,966 shares of the real estate investment trust's stock worth $235,971,000 after purchasing an additional 1,124,010 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of W. P. Carey by 99.7% during the 4th quarter. Russell Investments Group Ltd. now owns 351,187 shares of the real estate investment trust's stock valued at $22,810,000 after acquiring an additional 175,347 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of W. P. Carey during the 3rd quarter valued at about $613,000. Arizona State Retirement System increased its holdings in shares of W. P. Carey by 0.8% during the 4th quarter. Arizona State Retirement System now owns 58,795 shares of the real estate investment trust's stock valued at $3,811,000 after acquiring an additional 439 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of W. P. Carey by 5.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 219,159 shares of the real estate investment trust's stock valued at $11,852,000 after acquiring an additional 10,562 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W. P. Carey Trading Up 0.9 %

WPC stock traded up $0.54 during midday trading on Friday, hitting $58.39. 723,063 shares of the company's stock were exchanged, compared to its average volume of 1,344,220. The stock's fifty day moving average price is $56.04 and its 200-day moving average price is $58.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $12.78 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86. W. P. Carey Inc. has a one year low of $51.36 and a one year high of $73.38.

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 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.14. The company had revenue of $410.38 million for the quarter, compared to analyst estimates of $413.04 million. W. P. Carey had a return on equity of 6.41% and a net margin of 33.65%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 earnings per share. Research analysts predict that W. P. Carey Inc. will post 4.53 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. Investors of record on Thursday, March 28th were given a $0.865 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.93%. This is an increase from W. P. Carey's previous quarterly dividend of $0.86. W. P. Carey's payout ratio is currently 131.56%.

Analysts Set New Price Targets

Several research firms recently commented on WPC. Royal Bank of Canada cut their target price on W. P. Carey from $65.00 to $63.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. Raymond James downgraded W. P. Carey from an "outperform" rating to a "market perform" rating in a research report on Monday, February 12th. Wells Fargo & Company cut 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. Barclays began coverage on W. P. Carey in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 target price for the company. Finally, Scotiabank cut their target price on W. P. Carey from $62.00 to $60.00 and set a "sector perform" rating for the company in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, W. P. Carey presently has a consensus rating of "Hold" and an average target price of $63.18.

W. P. Carey Company 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.