Signaturefd LLC Buys 2,899 Shares of W. P. Carey Inc. (NYSE:WPC)

Signaturefd LLC increased its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 65.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,341 shares of the real estate investment trust’s stock after acquiring an additional 2,899 shares during the period. Signaturefd LLC’s holdings in W. P. Carey were worth $476,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Central Bank & Trust Co. bought a new stake in W. P. Carey in the fourth quarter valued at approximately $28,000. FNY Investment Advisers LLC bought a new stake in W. P. Carey in the fourth quarter valued at approximately $32,000. Covestor Ltd raised its stake in W. P. Carey by 316.5% in the third quarter. Covestor Ltd now owns 783 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 595 shares during the period. First Horizon Advisors Inc. bought a new stake in W. P. Carey in the third quarter valued at approximately $45,000. Finally, Provence Wealth Management Group bought a new stake in W. P. Carey in the third quarter valued at approximately $46,000. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WPC. StockNews.com began coverage on W. P. Carey in a research note on Thursday, January 4th. They set a “hold” rating on the stock. Royal Bank of Canada lowered their target price on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Scotiabank lowered 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 note on Monday, March 4th. Wells Fargo & Company lowered 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 note on Tuesday, February 20th. Finally, Raymond James lowered W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.36.

W. P. Carey Trading Up 0.2 %

Shares of NYSE:WPC opened at $56.43 on Thursday. The business’s 50 day simple moving average is $56.05 and its 200 day simple moving average is $58.82. The company has a market capitalization of $12.35 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.45 and a beta of 0.86. W. P. Carey Inc. has a 1 year low of $51.36 and a 1 year high of $74.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.62 and a quick ratio of 0.62.

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

W. P. Carey Increases Dividend

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

About W. P. Carey

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.