18,485 Shares in W. P. Carey Inc. (NYSE:WPC) Purchased by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. purchased a new stake in shares of W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 18,485 shares of the real estate investment trust’s stock, valued at approximately $1,007,000. W. P. Carey comprises about 0.7% of Meixler Investment Management Ltd.’s holdings, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in WPC. Creative Planning boosted its holdings in shares of W. P. Carey by 0.3% during the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after buying an additional 207 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in W. P. Carey by 3.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,094 shares of the real estate investment trust’s stock worth $3,619,000 after buying an additional 1,752 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of W. P. Carey during the 3rd quarter valued at about $221,000. Blue Trust Inc. increased its position in shares of W. P. Carey by 64.8% during the 3rd quarter. Blue Trust Inc. now owns 1,559 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 613 shares during the last quarter. Finally, Capital Investment Advisors LLC purchased a new stake in shares of W. P. Carey during the 3rd quarter valued at about $204,000. Institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reduced their target price 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. Royal Bank of Canada increased their target price on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays decreased their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Thursday. Finally, Scotiabank reduced their target price on 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.00.

W. P. Carey Stock Performance

Shares of NYSE:WPC opened at $58.72 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day moving average price is $55.44 and its 200-day moving average price is $57.57. The firm has a market capitalization of $12.85 billion, a PE ratio of 23.12, a P/E/G ratio of 1.02 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. 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 5.99%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s payout ratio is 138.58%.

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.