Gutierrez Wealth Advisory LLC Makes New $410,000 Investment in W. P. Carey Inc. (NYSE:WPC)

Gutierrez Wealth Advisory LLC purchased a new stake in W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 7,528 shares of the real estate investment trust’s stock, valued at approximately $410,000. W. P. Carey comprises 0.3% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in WPC. National Pension Service acquired a new stake in shares of W. P. Carey in the 4th quarter worth $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey during the 4th quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in W. P. Carey during the 3rd quarter worth about $44,000. Plato Investment Management Ltd acquired a new stake in W. P. Carey during the 4th quarter worth about $48,000. Finally, Roxbury Financial LLC acquired a new stake in W. P. Carey during the 4th quarter worth about $58,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $61.52 on Friday. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The business has a 50-day moving average price of $59.13 and a 200 day moving average price of $58.38. 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 $13.46 billion, a PE ratio of 29.44, a P/E/G ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.89 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a yield of 5.79%. The ex-dividend date is Monday, March 31st. W. P. Carey’s payout ratio is 170.33%.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays lifted their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada lifted 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. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their price objective 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.