W. P. Carey Inc. (NYSE:WPC) Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in shares of W. P. Carey Inc. (NYSE:WPC) by 42.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,126 shares of the real estate investment trust’s stock after selling 8,979 shares during the quarter. Savant Capital LLC’s holdings in W. P. Carey were worth $661,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RFG Advisory LLC raised its holdings in W. P. Carey by 91.7% during the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 3,049 shares during the last quarter. Equity Investment Corp increased its position in W. P. Carey by 0.7% during the third quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after buying an additional 9,610 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in W. P. Carey during the third quarter worth $1,692,000. abrdn plc increased its position in W. P. Carey by 9.9% during the third quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 9,229 shares in the last quarter. Finally, Stifel Financial Corp increased its position in W. P. Carey by 7.0% during the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 2,075 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent research reports. UBS Group dropped their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Scotiabank dropped their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research report on Thursday. Barclays lowered their price objective on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their price objective on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.00.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $58.72 on Friday. The stock has a market capitalization of $12.85 billion, a P/E ratio of 23.12, a PEG ratio of 1.02 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average price is $55.44 and its 200 day moving average price is $57.57. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.26.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 annualized dividend and a yield of 5.99%. W. P. Carey’s dividend payout ratio is currently 138.58%.

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.