Pathway Financial Advisers LLC Sells 492 Shares of W. P. Carey Inc. (NYSE:WPC)

Pathway Financial Advisers LLC trimmed its position in W. P. Carey Inc. (NYSE:WPC) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,860 shares of the real estate investment trust’s stock after selling 492 shares during the period. Pathway Financial Advisers LLC’s holdings in W. P. Carey were worth $1,845,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in shares of W. P. Carey by 0.3% during the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust’s stock valued at $4,031,000 after acquiring an additional 207 shares during the last quarter. Applied Capital LLC FL purchased a new position in W. P. Carey in the 3rd quarter worth approximately $261,000. Griffin Asset Management Inc. increased its holdings in shares of W. P. Carey by 5.0% in the 3rd quarter. Griffin Asset Management Inc. now owns 30,562 shares of the real estate investment trust’s stock worth $1,904,000 after buying an additional 1,445 shares during the last quarter. Presima Securities ULC raised its position in shares of W. P. Carey by 6.7% during the 3rd quarter. Presima Securities ULC now owns 33,300 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 2,100 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of W. P. Carey by 65.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 918 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 363 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WPC shares. Barclays lowered their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group decreased their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Scotiabank reduced their price target on shares of 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. Finally, JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

W. P. Carey Stock Up 2.7 %

Shares of W. P. Carey stock opened at $57.64 on Thursday. The company’s 50 day moving average price is $55.33 and its 200-day moving average price is $57.60. W. P. Carey Inc. has a 52-week low of $52.91 and a 52-week high of $64.26. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.02 and a beta of 0.97.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.11%. W. P. Carey’s payout ratio is presently 138.58%.

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.