Alaska Permanent Fund Corp Sells 11,729 Shares of W. P. Carey Inc. (NYSE:WPC)

Alaska Permanent Fund Corp lessened its position in shares of W. P. Carey Inc. (NYSE:WPC) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,465 shares of the real estate investment trust’s stock after selling 11,729 shares during the period. Alaska Permanent Fund Corp’s holdings in W. P. Carey were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Yousif Capital Management LLC increased its position in W. P. Carey by 939.6% during the 4th quarter. Yousif Capital Management LLC now owns 110,691 shares of the real estate investment trust’s stock worth $7,174,000 after purchasing an additional 100,044 shares in the last quarter. GAMMA Investing LLC acquired a new position in W. P. Carey in the 4th quarter valued at approximately $63,000. Larson Financial Group LLC increased its position in W. P. Carey by 6.5% in the 4th quarter. Larson Financial Group LLC now owns 4,213 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 257 shares during the period. California Public Employees Retirement System boosted its stake in shares of W. P. Carey by 4.6% in the 4th quarter. California Public Employees Retirement System now owns 1,164,290 shares of the real estate investment trust’s stock valued at $75,458,000 after purchasing an additional 51,682 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of W. P. Carey by 5.2% in the 4th quarter. Handelsbanken Fonder AB now owns 139,094 shares of the real estate investment trust’s stock valued at $9,015,000 after purchasing an additional 6,921 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WPC. Raymond James lowered shares of W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. StockNews.com assumed coverage on shares of W. P. Carey in a research note on Thursday, January 4th. They set a “hold” rating on the stock. Barclays began coverage on shares of W. P. Carey in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of W. P. Carey from $66.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, February 20th. Finally, Royal Bank of Canada lowered their target price on shares of W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey presently has a consensus rating of “Hold” and an average target price of $63.36.

W. P. Carey Price Performance

WPC opened at $55.97 on Friday. The firm has a 50-day moving average price of $56.07 and a 200-day moving average price of $58.81. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.89. W. P. Carey Inc. has a twelve month low of $51.36 and a twelve month high of $74.66. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.45 and a beta of 0.86.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. W. P. Carey had a net margin of 40.68% and a return on equity of 7.78%. The company had revenue of $410.38 million during the quarter, compared to analyst estimates of $413.04 million. During the same period last year, the business earned $1.29 earnings per share. W. P. Carey’s revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that W. P. Carey Inc. will post 4.57 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.865 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.86. This represents a $3.46 annualized dividend and a yield of 6.18%. W. P. Carey’s payout ratio is presently 104.85%.

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.