W. P. Carey Inc. (NYSE:WPC) Shares Bought by Dupree Financial Group LLC

Dupree Financial Group LLC raised its holdings in W. P. Carey Inc. (NYSE:WPC) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,828 shares of the real estate investment trust’s stock after buying an additional 1,933 shares during the quarter. W. P. Carey makes up approximately 2.5% of Dupree Financial Group LLC’s holdings, making the stock its 13th largest holding. Dupree Financial Group LLC’s holdings in W. P. Carey were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP lifted its position in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 357 shares in the last quarter. Maia Wealth LLC acquired a new stake in W. P. Carey in the third quarter valued at $40,000. Massmutual Trust Co. FSB ADV grew its stake in W. P. Carey by 35.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in shares of W. P. Carey by 2,374.1% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 641 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of W. P. Carey by 962.5% in the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Trading Down 0.9 %

Shares of WPC opened at $55.38 on Tuesday. The business’s 50-day moving average price is $55.40 and its 200 day moving average price is $57.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $12.12 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.01 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.26.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.36%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is currently 138.58%.

Analyst Ratings Changes

A number of brokerages have weighed in on WPC. 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 report on Thursday, January 16th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. UBS Group lowered their target price on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Finally, Barclays reissued an “underweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.43.

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.