BlueStem Wealth Partners LLC Purchases New Holdings in W. P. Carey Inc. (NYSE:WPC)

BlueStem Wealth Partners LLC acquired a new position in shares of W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,344 shares of the real estate investment trust’s stock, valued at approximately $237,000.

Several other large investors also recently made changes to their positions in the stock. Metis Global Partners LLC raised its position in W. P. Carey by 7.4% during the fourth quarter. Metis Global Partners LLC now owns 28,059 shares of the real estate investment trust’s stock worth $1,529,000 after acquiring an additional 1,928 shares in the last quarter. US Bancorp DE raised its holdings in shares of W. P. Carey by 8.3% in the 4th quarter. US Bancorp DE now owns 32,764 shares of the real estate investment trust’s stock valued at $1,785,000 after purchasing an additional 2,499 shares during the period. Proficio Capital Partners LLC acquired a new stake in W. P. Carey in the 4th quarter valued at about $1,428,000. Oppenheimer & Co. Inc. lifted its stake in W. P. Carey by 22.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 12,550 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 2,297 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in W. P. Carey by 26.3% during the fourth quarter. Equity Investment Corp now owns 1,870,734 shares of the real estate investment trust’s stock worth $101,918,000 after purchasing an additional 389,107 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Scotiabank decreased their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. UBS Group cut their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Barclays decreased their price target on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given 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 target price of $62.38.

W. P. Carey Stock Performance

NYSE WPC opened at $64.22 on Friday. W. P. Carey Inc. has a 12-month low of $52.91 and a 12-month high of $64.68. The firm has a 50-day moving average price of $56.77 and a two-hundred day moving average price of $57.95. The company has a market capitalization of $14.05 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.06 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey Increases Dividend

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

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.