Fisher Asset Management LLC Decreases Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Fisher Asset Management LLC lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,038 shares of the real estate investment trust’s stock after selling 397 shares during the quarter. Fisher Asset Management LLC’s holdings in W. P. Carey were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Pension Service acquired a new position in W. P. Carey in the 4th quarter worth approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey during the 4th quarter worth $37,000. RPg Family Wealth Advisory LLC acquired a new stake in W. P. Carey during the 3rd quarter worth $44,000. Roxbury Financial LLC acquired a new position in shares of W. P. Carey during the 4th quarter valued at about $58,000. Finally, Winch Advisory Services LLC acquired a new position in shares of W. P. Carey during the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Stock Up 1.2 %

WPC opened at $64.74 on Friday. 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 cap of $14.17 billion, a P/E ratio of 30.98, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $65.45. The business’s fifty day simple moving average is $57.75 and its 200 day simple moving average is $58.20.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 represents a $3.52 dividend on an annualized basis and a dividend yield of 5.44%. 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 168.42%.

Wall Street Analyst Weigh In

WPC has been the topic of several research analyst reports. Barclays boosted their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. UBS Group decreased their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Finally, Evercore ISI upped their price target on 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.88.

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.