Xponance Inc. Acquires 3,077 Shares of W. P. Carey Inc. (NYSE:WPC)

Xponance Inc. boosted its holdings in W. P. Carey Inc. (NYSE:WPC) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,709 shares of the real estate investment trust’s stock after purchasing an additional 3,077 shares during the quarter. Xponance Inc.’s holdings in W. P. Carey were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. RFG Advisory LLC boosted its position in shares of W. P. Carey by 91.7% during the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 3,049 shares during the last quarter. Stifel Financial Corp boosted its position in shares of W. P. Carey by 7.0% during the 3rd quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock valued at $1,980,000 after acquiring an additional 2,075 shares during the last quarter. FMR LLC boosted its position 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 acquiring an additional 409,593 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of W. P. Carey during the 3rd quarter valued at approximately $1,267,000. Finally, Signet Financial Management LLC bought a new position in shares of W. P. Carey during the 4th quarter valued at approximately $1,942,000. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Stock Performance

WPC stock opened at $61.62 on Friday. 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 business’s fifty day simple moving average is $59.29 and its two-hundred day simple moving average is $58.39. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.89 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.78%. W. P. Carey’s dividend payout ratio (DPR) is presently 170.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on WPC. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $67.00 in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price target on W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. 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. Finally, Scotiabank raised their price target on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.75.

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.