Voya Investment Management LLC Has $1.52 Million Holdings in W. P. Carey Inc. (NYSE:WPC)

Voya Investment Management LLC lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,955 shares of the real estate investment trust's stock after selling 7,499 shares during the period. Voya Investment Management LLC's holdings in W. P. Carey were worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. boosted its holdings in W. P. Carey by 3.5% in the fourth quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock valued at $298,000 after acquiring an additional 183 shares during the last quarter. HighTower Advisors LLC raised its position in W. P. Carey by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock valued at $2,418,000 after purchasing an additional 193 shares during the period. Capital Investment Advisory Services LLC raised its holdings in shares of W. P. Carey by 3.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust's stock valued at $474,000 after buying an additional 259 shares during the period. Empowered Funds LLC boosted its holdings in W. P. Carey by 7.7% in the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 271 shares during the period. Finally, Cooper Financial Group boosted its stake in shares of W. P. Carey by 2.4% in the fourth quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust's stock valued at $649,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 73.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WPC. Scotiabank lifted their target price on W. P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Barclays lifted their target price on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. BMO Capital Markets raised shares of W. P. Carey from a "market perform" rating to an "outperform" rating and raised their target price for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, Evercore ISI upped their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, W. P. Carey presently has a consensus rating of "Hold" and a consensus price target of $108.50.

W. P. Carey Trading Up 0.4 %

Shares of WPC stock traded up $0.24 during trading hours on Wednesday, reaching $61.58. 1,320,779 shares of the stock traded hands, compared to its average volume of 1,165,955. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $13.48 billion, a PE ratio of 29.46, a PEG ratio of 1.06 and a beta of 0.78. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10. The business has a fifty day moving average price of $61.43 and a 200 day moving average price of $58.24.

W. P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly 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). The company had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, equities research analysts forecast that W. P. Carey Inc. will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's dividend payout ratio (DPR) is presently 183.51%.

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.