Schonfeld Strategic Advisors LLC Has $223,000 Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Schonfeld Strategic Advisors LLC lessened its position in W. P. Carey Inc. (NYSE:WPC - Free Report) by 95.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,099 shares of the real estate investment trust's stock after selling 89,118 shares during the period. Schonfeld Strategic Advisors LLC's holdings in W. P. Carey were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of W. P. Carey in the 4th quarter worth $139,381,000. Demars Financial Group LLC grew its holdings in shares of W. P. Carey by 10,001.1% in the 4th quarter. Demars Financial Group LLC now owns 998,292 shares of the real estate investment trust's stock worth $54,387,000 after acquiring an additional 988,409 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of W. P. Carey by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,022,953 shares of the real estate investment trust's stock valued at $219,170,000 after buying an additional 906,622 shares in the last quarter. Northern Trust Corp grew its holdings in shares of W. P. Carey by 40.3% during the fourth quarter. Northern Trust Corp now owns 2,641,229 shares of the real estate investment trust's stock valued at $143,894,000 after buying an additional 758,627 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of W. P. Carey during the fourth quarter valued at $31,442,000. Institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Down 0.2%

Shares of WPC traded down $0.12 during mid-day trading on Monday, hitting $61.74. 1,017,272 shares of the company's stock were exchanged, compared to its average volume of 1,170,130. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The firm has a fifty day moving average of $60.95 and a two-hundred day moving average of $58.46. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 1.06 and a beta of 0.78.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The business had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. During the same period in the previous year, the company earned $1.14 earnings per share. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that W. P. Carey Inc. will post 4.87 earnings per share for the current year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.89 per share. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.77%. W. P. Carey's dividend payout ratio is currently 183.51%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WPC shares. Royal Bank of Canada lifted their price target on W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group lowered their price target on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Scotiabank lifted their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, March 12th. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $108.88.

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.