Brown Advisory Inc. Has $29.95 Million Holdings in W. P. Carey Inc. (NYSE:WPC)

Brown Advisory Inc. lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 29.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 462,049 shares of the real estate investment trust's stock after selling 188,366 shares during the period. Brown Advisory Inc. owned about 0.21% of W. P. Carey worth $29,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First United Bank & Trust purchased a new stake in shares of W. P. Carey in the fourth quarter valued at approximately $27,000. Central Bank & Trust Co. purchased a new position in W. P. Carey during the fourth quarter worth about $28,000. FNY Investment Advisers LLC acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $32,000. EdgeRock Capital LLC purchased a new stake in shares of W. P. Carey during the 4th quarter valued at approximately $32,000. Finally, Covestor Ltd lifted its holdings 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. Institutional investors and hedge funds own 73.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WPC shares. Wells Fargo & Company lowered 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 research report on Tuesday, February 20th. Royal Bank of Canada decreased their price target on shares of 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. Barclays initiated coverage on W. P. Carey in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price objective on the stock. Raymond James cut W. P. Carey from an "outperform" rating to a "market perform" rating in a research note on Monday, February 12th. Finally, Scotiabank boosted their price objective on W. P. Carey from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday. 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.18.

W. P. Carey Stock Performance

WPC stock remained flat at $60.11 on Monday. 782,828 shares of the company traded hands, compared to its average volume of 1,317,520. The stock has a market capitalization of $13.15 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86. The firm's 50-day simple moving average is $56.34 and its 200 day simple moving average is $59.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $73.38.

W. P. Carey Increases Dividend

The firm also recently announced 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. This is an increase from W. P. Carey's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.46 annualized dividend and a dividend yield of 5.76%. W. P. Carey's dividend payout ratio is 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.