Maia Wealth LLC Boosts Holdings in W. P. Carey Inc. (NYSE:WPC)

Maia Wealth LLC boosted its stake in W. P. Carey Inc. (NYSE:WPC) by 651.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,887 shares of the real estate investment trust’s stock after acquiring an additional 4,237 shares during the period. Maia Wealth LLC’s holdings in W. P. Carey were worth $277,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. RFG Advisory LLC lifted its holdings in shares of W. P. Carey by 91.7% in the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 3,049 shares during the last quarter. Equity Investment Corp increased its position in W. P. Carey by 0.7% during the third quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after buying an additional 9,610 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in W. P. Carey in the third quarter valued at approximately $1,692,000. abrdn plc boosted its holdings in shares of W. P. Carey by 9.9% in the third quarter. abrdn plc now owns 102,657 shares of the real estate investment trust’s stock valued at $6,396,000 after acquiring an additional 9,229 shares during the period. Finally, Stifel Financial Corp grew its position in shares of W. P. Carey by 7.0% during the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust’s stock worth $1,980,000 after acquiring an additional 2,075 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W. P. Carey Price Performance

Shares of WPC opened at $64.22 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average is $56.77 and its two-hundred day moving average is $57.96. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $64.68. The firm has a market capitalization of $14.05 billion, a PE ratio of 30.73, a P/E/G ratio of 1.06 and a beta of 0.97.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio is currently 168.42%.

Analysts Set New Price Targets

WPC has been the subject of several research reports. Scotiabank reduced their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Barclays reduced their target price on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, February 4th. Evercore ISI raised their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price objective on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.38.

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.