Daiwa Securities Group Inc. Sells 275 Shares of W. P. Carey Inc. (NYSE:WPC)

Daiwa Securities Group Inc. lessened its position in W. P. Carey Inc. (NYSE:WPC) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,072 shares of the real estate investment trust’s stock after selling 275 shares during the period. Daiwa Securities Group Inc.’s holdings in W. P. Carey were worth $5,016,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. RFG Advisory LLC increased its position in shares of W. P. Carey by 91.7% in the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 3,049 shares in the last quarter. Equity Investment Corp increased its holdings in shares of W. P. Carey by 0.7% in 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 acquiring an additional 9,610 shares in the last quarter. Stifel Financial Corp raised its position in shares of 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 purchasing an additional 2,075 shares during the period. FMR LLC lifted its holdings in shares of W. P. Carey by 103.3% during the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock valued at $50,219,000 after purchasing an additional 409,593 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of W. P. Carey in the 3rd quarter valued at approximately $1,267,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W. P. Carey Trading Down 1.6 %

W. P. Carey stock opened at $61.97 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $58.12 and a 200-day moving average of $58.25. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. UBS Group dropped their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Evercore ISI upped their target price on shares of 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. Royal Bank of Canada lifted their price target on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday. 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 data from MarketBeat, W. P. Carey currently has an average rating of “Hold” and an average target price of $63.75.

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.