W. P. Carey Inc. (NYSE:WPC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,032 shares of the real estate investment trust’s stock after selling 3,590 shares during the quarter. Yousif Capital Management LLC’s holdings in W. P. Carey were worth $4,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of W. P. Carey during the second quarter worth about $4,043,000. GAMMA Investing LLC boosted its stake in W. P. Carey by 9.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 212 shares during the period. Atomi Financial Group Inc. grew its position in W. P. Carey by 27.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 7,924 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 1,707 shares during the last quarter. UMB Bank n.a. increased its stake in shares of W. P. Carey by 53.6% in the third quarter. UMB Bank n.a. now owns 1,442 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 503 shares during the period. Finally, Private Advisory Group LLC acquired a new stake in shares of W. P. Carey in the third quarter valued at approximately $331,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPC. Barclays decreased their price objective on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. UBS Group reduced their price objective on shares of 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, Scotiabank lowered 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and a consensus price target of $62.00.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $56.08 on Friday. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $64.26. 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 cap of $12.27 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The company’s 50-day moving average price is $55.30 and its two-hundred day moving average price is $57.69.

W. P. Carey Increases Dividend

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

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.