TFG Advisers LLC Sells 516 Shares of W. P. Carey Inc. (NYSE:WPC)

TFG Advisers LLC lowered its position in shares of W. P. Carey Inc. (NYSE:WPC) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,641 shares of the real estate investment trust’s stock after selling 516 shares during the quarter. TFG Advisers LLC’s holdings in W. P. Carey were worth $1,233,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. RFG Advisory LLC lifted its position 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 acquiring an additional 3,049 shares during the period. Equity Investment Corp lifted its holdings in shares of W. P. Carey by 0.7% during the third 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 purchased a new position in shares of W. P. Carey during the third quarter valued at approximately $1,692,000. abrdn plc boosted its position in shares of W. P. Carey by 9.9% in the 3rd quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock worth $6,396,000 after purchasing an additional 9,229 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of W. P. Carey by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 2,075 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $56.08 on Friday. The business has a 50-day simple moving average of $55.30 and a two-hundred day simple moving average of $57.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 6.28%. W. P. Carey’s dividend payout ratio is 138.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank dropped their target price on 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. UBS Group dropped their price target 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. Barclays cut their price objective on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and an average price target of $62.00.

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.