Virtu Financial LLC Acquires Shares of 4,083 W. P. Carey Inc. (NYSE:WPC)

Virtu Financial LLC acquired a new stake in shares of W. P. Carey Inc. (NYSE:WPC) during the fourth quarter, Holdings Channel.com reports. The firm acquired 4,083 shares of the real estate investment trust’s stock, valued at approximately $265,000.

Other hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. grew its holdings in shares of W. P. Carey by 3.9% in the third quarter. Raleigh Capital Management Inc. now owns 5,053 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 191 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of W. P. Carey by 1.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 16,922 shares of the real estate investment trust’s stock worth $1,097,000 after purchasing an additional 191 shares during the last quarter. Gradient Capital Advisors LLC grew its holdings in shares of W. P. Carey by 0.6% in the fourth quarter. Gradient Capital Advisors LLC now owns 34,180 shares of the real estate investment trust’s stock worth $2,215,000 after purchasing an additional 199 shares during the last quarter. Quent Capital LLC grew its holdings in W. P. Carey by 32.0% during the 4th quarter. Quent Capital LLC now owns 969 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 235 shares in the last quarter. Finally, Round Rock Advisors LLC grew its holdings in W. P. Carey by 5.3% during the 4th quarter. Round Rock Advisors LLC now owns 4,814 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 242 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WPC. Barclays began 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. UBS Group began coverage on shares of W. P. Carey in a report on Friday, May 31st. They set a “neutral” rating and a $57.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a report on Friday. Scotiabank increased their target price on shares of W. P. Carey from $55.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, Royal Bank of Canada dropped their target price on shares of W. P. Carey from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.55.

W. P. Carey Stock Performance

WPC stock opened at $55.15 on Friday. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.03 and a beta of 0.91. The firm has a 50-day simple moving average of $56.58 and a two-hundred day simple moving average of $59.08. W. P. Carey Inc. has a one year low of $51.36 and a one year high of $73.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 6.31%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date is Friday, June 28th. W. P. Carey’s dividend payout ratio is presently 131.56%.

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.