2 weeks Ago By ABMN Staff
Natixis Advisors LLC reduced its position in shares of W. P. Carey Inc.
( NYSE:WPC – Free Report ) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,898 shares of the real estate investment trust’s stock after selling 3,869 shares during the period.
Natixis Advisors LLC’s holdings in W. P. Carey were worth $1,411,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. National Pension Service purchased a new position in W. P.
Carey during the fourth quarter worth about $25,000. Wingate Wealth Advisors Inc. bought a new stake in shares of W.
P. Carey during the 4th quarter valued at about $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of W.
P. Carey during the third quarter worth about $44,000. Plato Investment Management Ltd bought a new position in shares of W.
P. Carey in the fourth quarter worth approximately $48,000. Finally, Roxbury Financial LLC purchased a new stake in W.
P. Carey in the fourth quarter valued at approximately $58,000. Institutional investors own 73.
73% of the company’s stock. W. P.
Carey Trading Up 0.3 % NYSE WPC opened at $61.59 on Wednesday.
The firm has a market cap of $13.48 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.
06 and a beta of 0.95. W.
P. Carey Inc. has a 1-year low of $52.
91 and a 1-year high of $66.10. 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 has a 50-day moving average of $59.59 and a 200-day moving average of $58.37.
W. P. Carey Increases Dividend Wall Street Analyst Weigh In A number of brokerages have recently commented on WPC.
BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $60.
00 to $67.00 in a report on Tuesday, February 18th. Wells Fargo & Company upped their target price on shares of W.
P. Carey from $58.00 to $66.
00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of W. P.
Carey in a research report on Thursday, February 13th. Royal Bank of Canada raised their price objective on W. P.
Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th.
Finally, Barclays upped their target price on W. P. Carey from $56.
00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.75.
View Our Latest Research Report on WPC W. P. Carey Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for W. P. Carey Inc.
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