Virtu Financial LLC Purchases Shares of 4,083 W. P. Carey Inc. (NYSE:WPC)

Virtu Financial LLC purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,083 shares of the real estate investment trust’s stock, valued at approximately $265,000.

Several other institutional investors have also added to or reduced their stakes in the company. First United Bank & Trust bought a new position in W. P. Carey in the 4th quarter worth $27,000. Central Bank & Trust Co. bought a new position in W. P. Carey in the 4th quarter worth $28,000. FNY Investment Advisers LLC bought a new position in W. P. Carey in the 4th quarter worth $32,000. EdgeRock Capital LLC bought a new position in W. P. Carey in the 4th quarter worth $32,000. Finally, Tidemark LLC bought a new position in W. P. Carey in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Performance

Shares of WPC stock opened at $55.15 on Friday. W. P. Carey Inc. has a one year low of $51.36 and a one year high of $73.38. The company’s 50-day moving average is $56.58 and its 200 day moving average is $59.08. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio (DPR) is presently 131.56%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, May 30th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Friday. UBS Group assumed coverage on shares of W. P. Carey in a research note on Friday, May 31st. They issued a “neutral” rating and a $57.00 price target for the company. 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 note on Friday, May 3rd. Finally, Barclays assumed coverage on shares of W. P. Carey in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.55.

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.