Walden Wealth Partners LLC Makes New Investment in W. P. Carey Inc. (NYSE:WPC)

Walden Wealth Partners LLC acquired a new position in shares of W. P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,851 shares of the real estate investment trust’s stock, valued at approximately $638,000.

Several other institutional investors also recently bought and sold shares of WPC. First United Bank & Trust bought a new stake in W. P. Carey during the 4th quarter valued at $27,000. Central Bank & Trust Co. acquired a new stake in shares of W. P. Carey in the 4th quarter worth $28,000. FNY Investment Advisers LLC acquired a new stake in shares of W. P. Carey in the 4th quarter worth $32,000. EdgeRock Capital LLC acquired a new stake in shares of W. P. Carey in the 4th quarter worth $32,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of W. P. Carey in the 4th quarter worth $36,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WPC. Barclays began coverage on W. P. Carey in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective for the company. Wells Fargo & Company reduced their target price on W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, May 30th. UBS Group began coverage on W. P. Carey in a research note on Friday, May 31st. They set a “neutral” rating and a $57.00 price objective for the company. Royal Bank of Canada cut their price target on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Scotiabank lifted their price target on W. P. Carey from $55.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, W. P. Carey currently has an average rating of “Hold” and an average price target of $61.55.

W. P. Carey Stock Performance

NYSE WPC traded down $0.63 during trading hours on Monday, hitting $55.46. The company had a trading volume of 1,335,083 shares, compared to its average volume of 1,308,768. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. W. P. Carey Inc. has a 1-year low of $51.36 and a 1-year high of $73.38. The company has a market cap of $12.14 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The business has a 50 day moving average of $56.65 and a 200-day moving average of $59.30.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from W. P. Carey’s previous quarterly dividend of $0.87. W. P. Carey’s dividend payout ratio is currently 131.56%.

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.