LVW Advisors LLC Acquires 5,842 Shares of W. P. Carey Inc. (NYSE:WPC)

LVW Advisors LLC boosted its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 149.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,747 shares of the real estate investment trust’s stock after purchasing an additional 5,842 shares during the period. LVW Advisors LLC’s holdings in W. P. Carey were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. increased its holdings in shares of W. P. Carey by 91.9% during the fourth quarter. Cohen & Steers Inc. now owns 11,290,841 shares of the real estate investment trust’s stock worth $731,800,000 after buying an additional 5,407,289 shares in the last quarter. Norges Bank acquired a new position in shares of W. P. Carey during the fourth quarter worth $157,107,000. Daiwa Securities Group Inc. increased its holdings in shares of W. P. Carey by 44.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,640,966 shares of the real estate investment trust’s stock worth $235,971,000 after buying an additional 1,124,010 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of W. P. Carey by 4,716.5% during the fourth quarter. Principal Financial Group Inc. now owns 802,426 shares of the real estate investment trust’s stock worth $52,005,000 after buying an additional 785,766 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of W. P. Carey by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 30,784,040 shares of the real estate investment trust’s stock worth $1,995,114,000 after buying an additional 657,188 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WPC has been the subject of several research analyst reports. Wells Fargo & Company lowered 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 report on Thursday, May 30th. Scotiabank increased their price objective on W. P. Carey from $55.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Royal Bank of Canada decreased their price objective on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Barclays began coverage on W. P. Carey in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective for the company. Finally, UBS Group began coverage on W. P. Carey in a report on Friday, May 31st. They issued a “neutral” rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.70.

W. P. Carey Price Performance

WPC stock opened at $54.62 on Tuesday. The stock has a market capitalization of $11.95 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company’s 50-day moving average is $56.66 and its 200-day moving average is $58.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Friday, June 28th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio is 132.32%.

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.