Integrated Advisors Network LLC Invests $340,000 in W. P. Carey Inc. (NYSE:WPC)

Integrated Advisors Network LLC acquired a new position in shares of W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,248 shares of the real estate investment trust’s stock, valued at approximately $340,000.

Other hedge funds have also modified their holdings of the company. First United Bank & Trust purchased a new stake in shares of W. P. Carey during the 4th quarter worth approximately $27,000. Central Bank & Trust Co. purchased a new stake in W. P. Carey during the 4th quarter valued at $28,000. FNY Investment Advisers LLC purchased a new stake in W. P. Carey during the 4th quarter valued at $32,000. EdgeRock Capital LLC purchased a new stake in W. P. Carey during the 4th quarter valued at $32,000. Finally, Tidemark LLC purchased a new stake in W. P. Carey during the 4th quarter valued at $42,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WPC shares. Wells Fargo & Company decreased their price target on W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 30th. Barclays started coverage on W. P. Carey in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Scotiabank upped their price objective on W. P. Carey from $55.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Royal Bank of Canada reduced their target price on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, UBS Group started coverage on W. P. Carey in a research note on Friday, May 31st. They issued a “neutral” rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.55.

W. P. Carey Stock Performance

Shares of W. P. Carey stock opened at $55.21 on Wednesday. The firm has a market cap of $12.08 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.04 and a beta of 0.91. 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 12 month low of $51.36 and a 12 month high of $73.38. The stock’s fifty day moving average price is $56.59 and its 200-day moving average price is $59.20.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.48 annualized dividend and a dividend yield of 6.30%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio (DPR) 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.