Cohen Capital Management Inc. Has $3.77 Million Holdings in W. P. Carey Inc. (NYSE:WPC)

Cohen Capital Management Inc. raised its position in W. P. Carey Inc. (NYSE:WPC) by 23.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,239 shares of the real estate investment trust’s stock after purchasing an additional 13,180 shares during the period. Cohen Capital Management Inc.’s holdings in W. P. Carey were worth $3,772,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. RFG Advisory LLC boosted its position in W. P. Carey by 91.7% during the fourth 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 last quarter. Equity Investment Corp lifted its stake in shares of W. P. Carey by 0.7% in the 3rd 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 period. Stoneridge Investment Partners LLC bought a new stake in shares of W. P. Carey during the 3rd quarter valued at about $1,692,000. abrdn plc grew its stake in W. P. Carey by 9.9% during the third 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 during the period. Finally, Stifel Financial Corp increased its holdings in W. P. Carey by 7.0% in the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock worth $1,980,000 after purchasing an additional 2,075 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays cut 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. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group decreased their target price on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and a consensus target price of $62.38.

W. P. Carey Price Performance

Shares of NYSE WPC opened at $61.68 on Friday. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $64.26. The firm’s 50-day simple moving average is $55.87 and its 200 day simple moving average is $57.69.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is currently 168.42%.

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.