Royal London Asset Management Ltd. Purchases 983 Shares of W. P. Carey Inc. (NYSE:WPC)

Royal London Asset Management Ltd. lifted its position in shares of W. P. Carey Inc. (NYSE:WPC) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,899 shares of the real estate investment trust’s stock after purchasing an additional 983 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of W. P. Carey worth $6,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service acquired a new position in W. P. Carey in the 4th quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in W. P. Carey in the fourth quarter valued at $37,000. RPg Family Wealth Advisory LLC bought a new position in W. P. Carey during the 3rd quarter worth $44,000. Plato Investment Management Ltd acquired a new position in W. P. Carey during the 4th quarter worth about $48,000. Finally, Roxbury Financial LLC bought a new stake in shares of W. P. Carey in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WPC. Royal Bank of Canada lifted their price objective on 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 upped their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, March 4th. Scotiabank lifted their target price on shares of 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. Evercore ISI upped their price target on shares of 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. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.75.

W. P. Carey Stock Up 0.0 %

Shares of NYSE:WPC opened at $61.62 on Monday. The firm has a market cap of $13.48 billion, a P/E ratio of 29.48, a PEG ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The business’s 50 day simple moving average is $59.29 and its two-hundred day simple moving average is $58.36. 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 Increases Dividend

The firm 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 $0.89 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.56 annualized dividend and a yield of 5.78%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is presently 170.33%.

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.