W. P. Carey Inc. (NYSE:WPC) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,600 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in W. P. Carey were worth $523,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Maia Wealth LLC acquired a new position in W. P. Carey during the 3rd quarter valued at about $40,000. Abich Financial Wealth Management LLC boosted its position in shares of W. P. Carey by 2,374.1% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 641 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of W. P. Carey by 962.5% during the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 616 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of W. P. Carey during the 3rd quarter valued at about $44,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of W. P. Carey by 70.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 824 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday. UBS Group decreased their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, Scotiabank decreased their target price on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.00.

W. P. Carey Stock Performance

WPC stock opened at $55.96 on Thursday. The stock has a market cap of $12.25 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.01 and a beta of 0.97. The firm has a 50 day simple moving average of $55.33 and a 200 day simple moving average of $57.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. W. P. Carey Inc. has a 52 week low of $52.91 and a 52 week high of $64.26.

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 given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 6.29%. 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 (DPR) is presently 138.58%.

About W. P. Carey

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.