Two Sigma Investments LP Purchases 11,180 Shares of W. P. Carey Inc. (NYSE:WPC)

Two Sigma Investments LP raised its stake in W. P. Carey Inc. (NYSE:WPC) by 30.5% in the 4th quarter, HoldingsChannel reports. The fund owned 47,797 shares of the real estate investment trust’s stock after buying an additional 11,180 shares during the quarter. Two Sigma Investments LP’s holdings in W. P. Carey were worth $2,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. National Pension Service bought a new position in W. P. Carey in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in shares of W. P. Carey in the fourth quarter valued at $37,000. Wingate Wealth Advisors Inc. acquired a new position in shares of W. P. Carey in the fourth quarter valued at $37,000. Bessemer Group Inc. increased its holdings in shares of W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 402 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of W. P. Carey in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the subject of several recent analyst reports. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. Barclays set a $61.00 target price on shares of W. P. Carey and gave the company an “underweight” rating in a research report on Wednesday, May 21st. Scotiabank increased their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Finally, UBS Group reduced their price objective on shares of W. P. Carey from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. One 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 stock. Based on data from MarketBeat.com, W. P. Carey has an average rating of “Hold” and a consensus price target of $109.00.

W. P. Carey Stock Down 0.4%

NYSE:WPC opened at $62.86 on Friday. The firm’s 50-day moving average price is $60.93 and its 200-day moving average price is $58.82. The company has a market capitalization of $13.76 billion, a PE ratio of 30.08, a P/E/G ratio of 1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $66.10.

W. P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to analysts’ expectations of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. On average, equities analysts predict that W. P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is 183.51%.

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.