Natixis Advisors L.P. Takes Position in W. P. Carey Inc. (NYSE:WPC)

Natixis Advisors L.P. bought a new stake in W. P. Carey Inc. (NYSE:WPC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,218 shares of the real estate investment trust's stock, valued at approximately $921,000.

Several other institutional investors and hedge funds have also modified their holdings of WPC. Central Bank & Trust Co. acquired a new stake in shares of W. P. Carey in the 4th quarter valued at $28,000. FNY Investment Advisers LLC acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $32,000. Covestor Ltd boosted its stake in W. P. Carey by 316.5% in the third quarter. Covestor Ltd now owns 783 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 595 shares during the last quarter. Provence Wealth Management Group acquired a new stake in W. P. Carey during the 3rd quarter worth $46,000. Finally, Janiczek Wealth Management LLC raised its position in shares of W. P. Carey by 258.1% during the 4th quarter. Janiczek Wealth Management LLC now owns 967 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 697 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WPC shares. Royal Bank of Canada reduced their price target on W. P. Carey from $65.00 to $63.00 and set an "outperform" rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company cut 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. Raymond James cut shares of W. P. Carey from an "outperform" rating to a "market perform" rating in a report on Monday, February 12th. Barclays assumed coverage on shares of W. P. Carey in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 target price on the stock. Finally, Scotiabank boosted their price target on shares of W. P. Carey from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, W. P. Carey has an average rating of "Hold" and a consensus target price of $63.18.

W. P. Carey Stock Up 0.9 %

Shares of WPC traded up $0.56 during mid-day trading on Friday, hitting $60.12. 737,740 shares of the company's stock were exchanged, compared to its average volume of 1,323,090. The company has a 50-day simple moving average of $56.30 and a 200 day simple moving average of $59.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $13.16 billion, a PE ratio of 22.86, a P/E/G ratio of 0.48 and a beta of 0.86. W. P. Carey Inc. has a 52 week low of $51.36 and a 52 week high of $73.38.

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 was Wednesday, March 27th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.76%. 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%.

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.