Virtu Financial LLC Takes Position in W. P. Carey Inc. (NYSE:WPC)

Virtu Financial LLC purchased a new position in W. P. Carey Inc. (NYSE:WPC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,375 shares of the real estate investment trust’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of W. P. Carey by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust’s stock worth $2,418,000 after acquiring an additional 193 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in W. P. Carey by 3.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,698 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 259 shares during the last quarter. Empowered Funds LLC boosted its position in shares of W. P. Carey by 7.7% during the fourth quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 271 shares during the period. Cooper Financial Group boosted its position in shares of W. P. Carey by 2.4% during the fourth quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 276 shares during the period. Finally, Impact Partnership Wealth LLC grew its stake in shares of W. P. Carey by 3.6% during the fourth quarter. Impact Partnership Wealth LLC now owns 8,299 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 289 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WPC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target 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 boosted their target price 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. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Finally, BMO Capital Markets upgraded shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. One equities 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.75.

W. P. Carey Trading Up 0.3 %

NYSE:WPC opened at $61.59 on Wednesday. The firm has a 50-day simple moving average of $59.59 and a 200-day simple moving average of $58.37. W. P. Carey Inc. has a one year low of $52.91 and a one year high of $66.10. The firm has a market cap of $13.48 billion, a P/E ratio of 29.47, a P/E/G ratio of 1.06 and a beta of 0.95. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.56 dividend on an annualized basis and a yield of 5.78%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is currently 170.33%.

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.