UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 134,523 Shares of W. P. Carey Inc. (NYSE:WPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in W. P. Carey Inc. (NYSE:WPC) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,188,603 shares of the real estate investment trust’s stock after purchasing an additional 134,523 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.00% of W. P. Carey worth $119,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DF Dent & Co. Inc. boosted its position in shares of W. P. Carey by 3.5% during the fourth quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 183 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of W. P. Carey by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust’s stock valued at $2,418,000 after purchasing an additional 193 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in shares of W. P. Carey by 3.1% during the fourth 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 in the last quarter. Empowered Funds LLC increased its holdings in shares of W. P. Carey by 7.7% in the fourth 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 during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of W. P. Carey by 3.6% in the fourth quarter. Impact Partnership Wealth LLC now owns 8,299 shares of the real estate investment trust’s stock worth $452,000 after purchasing an additional 289 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI increased their target price on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Scotiabank increased their price objective on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Wells Fargo & Company lifted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Royal Bank of Canada upped their target price on shares of W. P. Carey from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Barclays set a $61.00 price target on shares of W. P. Carey and gave the company an “underweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.00.

W. P. Carey Stock Performance

WPC stock opened at $61.37 on Friday. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day simple moving average of $60.83 and a two-hundred day simple moving average of $58.56.

W. P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.03). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The firm had revenue of $407.44 million during the quarter, compared to analyst estimates of $412.99 million. During the same quarter last year, the business earned $1.14 earnings per share. W. P. Carey’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.89 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a yield of 5.80%. W. P. Carey’s dividend payout ratio (DPR) is 183.51%.

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.