Sequoia Financial Advisors LLC Increases Holdings in W. P. Carey Inc. (NYSE:WPC)

Sequoia Financial Advisors LLC lifted its position in W. P. Carey Inc. (NYSE:WPC) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 149,009 shares of the real estate investment trust’s stock after buying an additional 2,109 shares during the period. Sequoia Financial Advisors LLC’s holdings in W. P. Carey were worth $8,118,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WPC. HighTower Advisors LLC increased its position 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 valued at $2,418,000 after acquiring an additional 193 shares during the period. Harbour Investments Inc. increased its position in shares of W. P. Carey by 5.9% in the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 203 shares during the period. Capital Investment Advisory Services LLC boosted its holdings 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 valued at $474,000 after purchasing an additional 259 shares during the last quarter. Empowered Funds LLC boosted its holdings in W. P. Carey by 7.7% in the fourth quarter. Empowered Funds LLC now owns 3,778 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 271 shares during the last quarter. Finally, Cooper Financial Group boosted its holdings in W. P. Carey by 2.4% in the fourth quarter. Cooper Financial Group now owns 11,905 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W. P. Carey Trading Down 1.6 %

WPC stock opened at $61.97 on Thursday. The company’s 50-day simple moving average is $58.12 and its 200-day simple moving average is $58.25. 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 Inc. has a 52-week low of $52.91 and a 52-week high of $66.10. The firm has a market cap of $13.56 billion, a P/E ratio of 29.65, a PEG ratio of 1.06 and a beta of 0.95.

Analyst Ratings Changes

WPC has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a report on Thursday, February 13th. Scotiabank upped their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a report on Wednesday. UBS Group lowered 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 report on Thursday, November 14th. Wells Fargo & Company upped their price target 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. Finally, BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their price target for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. One 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 company presently has an average rating of “Hold” and a consensus price target of $63.75.

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.