Inceptionr LLC Takes Position in W. P. Carey Inc. (NYSE:WPC)

Inceptionr LLC bought a new stake in shares of W. P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,449 shares of the real estate investment trust’s stock, valued at approximately $1,986,000. W. P. Carey comprises about 0.4% of Inceptionr LLC’s investment portfolio, making the stock its 24th biggest holding.

Other large investors have also recently made changes to their positions in the company. National Pension Service purchased a new stake in shares of W. P. Carey during the 4th quarter valued at $25,000. Maia Wealth LLC purchased a new stake in shares of W. P. Carey during the 3rd quarter valued at $40,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of W. P. Carey during the 4th quarter valued at $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of W. P. Carey during the 3rd quarter valued at $44,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of W. P. Carey during the 4th quarter valued at $48,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W. P. Carey Stock Up 0.9 %

Shares of NYSE WPC opened at $65.02 on Thursday. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $65.45. The business has a 50-day simple moving average of $57.16 and a two-hundred day simple moving average of $58.06. 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 company has a market cap of $14.23 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.06 and a beta of 0.97.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 5.41%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 168.42%.

Analyst Ratings Changes

WPC has been the subject of several research reports. UBS Group cut their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada increased their price target on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Evercore ISI increased their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Scotiabank cut their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.88.

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.