Lindbrook Capital LLC Buys 458 Shares of W. P. Carey Inc. (NYSE:WPC)

Lindbrook Capital LLC increased its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 49.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,388 shares of the real estate investment trust’s stock after buying an additional 458 shares during the period. Lindbrook Capital LLC’s holdings in W. P. Carey were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WPC. Farther Finance Advisors LLC boosted its holdings in shares of W. P. Carey by 122.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 838 shares during the period. Fiera Capital Corp bought a new stake in W. P. Carey in the 3rd quarter valued at about $226,000. Verdence Capital Advisors LLC boosted its holdings in W. P. Carey by 0.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 117,012 shares of the real estate investment trust’s stock valued at $7,290,000 after purchasing an additional 459 shares during the period. Assetmark Inc. boosted its holdings in W. P. Carey by 3.1% in the 3rd quarter. Assetmark Inc. now owns 10,013 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 304 shares during the period. Finally, Demars Financial Group LLC boosted its holdings in W. P. Carey by 2.2% in the 3rd quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 216 shares during the period. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Scotiabank cut their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Evercore ISI boosted their price objective on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Barclays boosted their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. Finally, UBS Group dropped 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 research report on Thursday, November 14th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.88.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $64.74 on Friday. The firm has a 50 day moving average of $57.75 and a 200-day moving average of $58.20. The stock has a market capitalization of $14.17 billion, a PE ratio of 30.98, a PEG ratio of 1.06 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. W. P. Carey Inc. has a 12 month low of $52.91 and a 12 month high of $65.45.

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 represents a $3.52 dividend on an annualized basis and a yield of 5.44%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio 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.