Signaturefd LLC Increases Position in W. P. Carey Inc. (NYSE:WPC)

Signaturefd LLC lifted its holdings in W. P. Carey Inc. (NYSE:WPC) by 65.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,341 shares of the real estate investment trust’s stock after acquiring an additional 2,899 shares during the quarter. Signaturefd LLC’s holdings in W. P. Carey were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Bank & Trust Co. purchased a new position in shares of W. P. Carey in the 4th quarter worth approximately $28,000. FNY Investment Advisers LLC bought a new stake in shares of W. P. Carey in the 4th quarter worth approximately $32,000. Covestor Ltd raised its holdings in shares of W. P. Carey by 316.5% in the 3rd quarter. Covestor Ltd now owns 783 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 595 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of W. P. Carey in the 3rd quarter worth approximately $45,000. Finally, Provence Wealth Management Group bought a new stake in shares of W. P. Carey in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the topic of a number of research reports. StockNews.com initiated coverage on shares of W. P. Carey in a report on Thursday, January 4th. They issued a “hold” rating on the stock. Raymond James cut shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Barclays began coverage on shares of W. P. Carey in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target on the stock. Wells Fargo & Company dropped their target price on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 20th. Finally, Scotiabank dropped their target price on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, W. P. Carey currently has an average rating of “Hold” and a consensus price target of $63.36.

W. P. Carey Trading Up 0.2 %

Shares of WPC stock opened at $56.43 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.62 and a current ratio of 0.62. W. P. Carey Inc. has a 52-week low of $51.36 and a 52-week high of $74.66. The company has a market capitalization of $12.35 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86. The business’s fifty day moving average is $56.05 and its 200 day moving average is $58.82.

W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. The company had revenue of $410.38 million for the quarter, compared to the consensus estimate of $413.04 million. During the same quarter last year, the business posted $1.29 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that W. P. Carey Inc. will post 4.57 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.865 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date was Wednesday, March 27th. This is a boost from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s dividend payout ratio is currently 104.85%.

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.