Amalgamated Bank Purchases 337 Shares of W. P. Carey Inc. (NYSE:WPC)

Amalgamated Bank raised its position in W. P. Carey Inc. (NYSE:WPC) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,538 shares of the real estate investment trust’s stock after acquiring an additional 337 shares during the quarter. Amalgamated Bank’s holdings in W. P. Carey were worth $5,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of W. P. Carey by 660.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock valued at $127,969,000 after buying an additional 1,784,131 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of W. P. Carey by 649.4% in the third quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust’s stock valued at $34,507,000 after purchasing an additional 479,973 shares during the last quarter. FMR LLC lifted its stake in shares of W. P. Carey by 103.3% during the 3rd quarter. FMR LLC now owns 806,082 shares of the real estate investment trust’s stock worth $50,219,000 after buying an additional 409,593 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in W. P. Carey by 274.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 405,808 shares of the real estate investment trust’s stock valued at $25,282,000 after acquiring an additional 297,432 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in W. P. Carey by 21.1% during the third quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust’s stock worth $94,325,000 after acquiring an additional 264,230 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Down 0.1 %

Shares of WPC stock opened at $64.25 on Friday. 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 $64.68. The company has a market cap of $14.06 billion, a PE ratio of 30.74, a P/E/G ratio of 1.06 and a beta of 0.97. The stock’s fifty day moving average price is $56.57 and its two-hundred day moving average price is $57.89.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a yield of 5.48%. W. P. Carey’s payout ratio is presently 168.42%.

Analysts Set New Price Targets

WPC has been the subject of several research reports. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. UBS Group decreased their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Evercore ISI increased 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 report on Wednesday, February 19th. Finally, Scotiabank reduced their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.38.

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.