Brown Advisory Inc. Has $29.95 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Brown Advisory Inc. reduced its stake in W. P. Carey Inc. (NYSE:WPCFree Report) by 29.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462,049 shares of the real estate investment trust’s stock after selling 188,366 shares during the period. Brown Advisory Inc.’s holdings in W. P. Carey were worth $29,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Securian Asset Management Inc. acquired a new position in shares of W. P. Carey during the 4th quarter worth about $1,196,000. Level Four Advisory Services LLC acquired a new position in W. P. Carey during the fourth quarter valued at approximately $292,000. First Heartland Consultants Inc. bought a new stake in W. P. Carey in the fourth quarter valued at approximately $212,000. Beacon Pointe Advisors LLC raised its holdings in W. P. Carey by 2.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 88,035 shares of the real estate investment trust’s stock worth $5,706,000 after purchasing an additional 1,994 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of W. P. Carey by 71.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,312 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 964 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W. P. Carey Stock Up 0.9 %

W. P. Carey stock opened at $60.11 on Monday. The company has a fifty day simple moving average of $56.30 and a 200 day simple moving average of $59.28. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. 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 $13.15 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.865 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.76%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.86. W. P. Carey’s payout ratio is currently 131.56%.

Analyst Upgrades and Downgrades

WPC has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company cut their price objective on W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 20th. Scotiabank increased their target price on W. P. Carey from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday. Barclays initiated coverage on shares of W. P. Carey in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. Finally, Raymond James cut shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.18.

Get Our Latest Stock Analysis on W. P. Carey

W. P. Carey Profile

(Free Report)

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.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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