Atria Wealth Solutions Inc. Purchases 36,354 Shares of W. P. Carey Inc. (NYSE:WPC)

Atria Wealth Solutions Inc. boosted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 55.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,073 shares of the real estate investment trust’s stock after purchasing an additional 36,354 shares during the period. Atria Wealth Solutions Inc.’s holdings in W. P. Carey were worth $5,567,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RFG Advisory LLC grew its holdings in 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 purchasing an additional 3,049 shares during the last quarter. Equity Investment Corp grew its holdings in W. P. Carey by 0.7% during the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock valued at $92,305,000 after purchasing an additional 9,610 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in W. P. Carey during the 3rd quarter valued at about $1,692,000. abrdn plc grew its holdings in W. P. Carey by 9.9% during the 3rd quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock valued at $6,396,000 after purchasing an additional 9,229 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in 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 purchasing an additional 2,075 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WPC shares. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. UBS Group dropped 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 research note on Thursday, November 14th. Royal Bank of Canada upped their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Scotiabank dropped their target price on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $67.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, W. P. Carey presently has an average rating of “Hold” and an average target price of $62.38.

W. P. Carey Price Performance

Shares of WPC opened at $60.42 on Thursday. The company has a 50 day moving average price of $55.67 and a 200-day moving average price of $57.62. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26. The stock has a market capitalization of $13.22 billion, a PE ratio of 28.91, a PEG ratio of 1.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Tuesday, December 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is presently 168.42%.

W. P. Carey Company 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.