Signaturefd LLC Decreases Holdings in W. P. Carey Inc. (NYSE:WPC)

Signaturefd LLC lowered its position in W. P. Carey Inc. (NYSE:WPC) by 29.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,242 shares of the real estate investment trust’s stock after selling 1,794 shares during the period. Signaturefd LLC’s holdings in W. P. Carey were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WPC. National Pension Service purchased a new stake in shares of W. P. Carey in the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. purchased a new position in shares of W. P. Carey in the fourth quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new stake in W. P. Carey during the 3rd quarter valued at about $44,000. Plato Investment Management Ltd bought a new position in W. P. Carey during the 4th quarter worth approximately $48,000. Finally, Roxbury Financial LLC bought a new position in W. P. Carey during the 4th quarter worth approximately $58,000. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Stock Performance

Shares of WPC opened at $61.62 on Friday. The company has a 50-day simple moving average of $59.29 and a two-hundred day simple moving average of $58.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $13.48 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 5.78%. W. P. Carey’s payout ratio is currently 170.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $67.00 in a report 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. Scotiabank raised their target price on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Finally, Evercore ISI upped their price target on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, W. P. Carey currently has an average rating of “Hold” and an average target price of $63.75.

About W. P. Carey

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.