Swiss National Bank Cuts Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Swiss National Bank decreased its holdings in shares of W. P. Carey Inc. (NYSE:WPC) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 618,251 shares of the real estate investment trust’s stock after selling 31,200 shares during the period. Swiss National Bank owned 0.28% of W. P. Carey worth $33,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Harbour Investments Inc. boosted its holdings in shares of W. P. Carey by 5.9% in the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 203 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of W. P. Carey in the 3rd quarter valued at about $520,000. Victory Capital Management Inc. boosted its holdings in shares of W. P. Carey by 649.4% in the 3rd quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust’s stock valued at $34,507,000 after buying an additional 479,973 shares in the last quarter. KBC Group NV boosted its holdings in shares of W. P. Carey by 746.6% in the 3rd quarter. KBC Group NV now owns 149,820 shares of the real estate investment trust’s stock valued at $9,334,000 after buying an additional 132,124 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of W. P. Carey by 25.9% in the 3rd quarter. Metis Global Partners LLC now owns 26,131 shares of the real estate investment trust’s stock valued at $1,628,000 after buying an additional 5,375 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Performance

Shares of NYSE WPC opened at $62.64 on Monday. 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 $66.10. The company has a 50 day simple moving average of $58.57 and a two-hundred day simple moving average of $58.30. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.06 and a beta of 0.95.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 5.68%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. W. P. Carey’s payout ratio is presently 170.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WPC. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Barclays lifted their target price on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Finally, Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.75.

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.