Kowal Investment Group LLC Purchases 1,800 Shares of W. P. Carey Inc. (NYSE:WPC)

Kowal Investment Group LLC grew its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 44.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,871 shares of the real estate investment trust’s stock after buying an additional 1,800 shares during the period. Kowal Investment Group LLC’s holdings in W. P. Carey were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPC. LVW Advisors LLC increased its holdings in W. P. Carey by 149.6% during the 1st quarter. LVW Advisors LLC now owns 9,747 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 5,842 shares during the period. Cornerstone Wealth Group LLC increased its holdings in W. P. Carey by 9.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 5,174 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 431 shares during the period. Griffin Asset Management Inc. increased its holdings in W. P. Carey by 4.4% during the 1st quarter. Griffin Asset Management Inc. now owns 25,810 shares of the real estate investment trust’s stock worth $1,457,000 after acquiring an additional 1,094 shares during the period. Weaver Consulting Group increased its holdings in W. P. Carey by 0.8% during the 1st quarter. Weaver Consulting Group now owns 33,921 shares of the real estate investment trust’s stock worth $1,915,000 after acquiring an additional 278 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in W. P. Carey during the 1st quarter worth approximately $129,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WPC. Wells Fargo & Company decreased their price target on shares of W. P. Carey from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 30th. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, June 21st. Royal Bank of Canada decreased their price target 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. Scotiabank increased their price target 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, UBS Group began coverage on shares of W. P. Carey in a report on Friday, May 31st. They issued a “neutral” rating and a $57.00 price target on the stock. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.70.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $54.62 on Tuesday. W. P. Carey Inc. has a 52-week low of $51.36 and a 52-week high of $73.38. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a fifty day moving average of $56.66 and a 200-day moving average of $58.65. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.87 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.37%. W. P. Carey’s dividend payout ratio is 132.32%.

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.