Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 6,500 Shares of W. P. Carey Inc. (NYSE:WPC)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of W. P. Carey Inc. (NYSE:WPC) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,934 shares of the real estate investment trust’s stock after selling 6,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in W. P. Carey were worth $3,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in shares of W. P. Carey by 5.9% during the third quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 203 shares in the last quarter. Demars Financial Group LLC raised its stake in W. P. Carey by 2.2% in the 3rd quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 216 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in W. P. Carey by 3.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 259 shares during the period. Empowered Funds LLC grew its position in shares of W. P. Carey by 7.7% during the 4th quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 271 shares in the last quarter. Finally, Cooper Financial Group increased its holdings in shares of W. P. Carey by 2.4% during the fourth quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 276 shares during the period. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WPC has been the subject of several recent research reports. Evercore ISI boosted their price target on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Barclays cut their target price 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. Royal Bank of Canada raised their price target on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. Finally, UBS Group decreased their target price 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. One investment 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. Based on data from MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and an average price target of $62.38.

W. P. Carey Stock Up 2.5 %

Shares of NYSE WPC opened at $64.31 on Wednesday. The stock has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $57.79. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $64.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a market cap of $14.07 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.06 and a beta of 0.97.

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 $0.88 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 5.47%. W. P. Carey’s dividend payout ratio is presently 168.42%.

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.