Natixis Advisors LLC Lowers Position in W. P. Carey Inc. (NYSE:WPC)

Natixis Advisors LLC trimmed its position in shares of W. P. Carey Inc.

(NYSE:WPC – Free Report) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,898 shares of the real estate investment trust’s stock after selling 3,869 shares during the quarter.



Natixis Advisors LLC’s holdings in W. P. Carey were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WPC. 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 position in shares of W.

P. Carey during the 4th quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of W.

P. Carey in the 3rd quarter worth approximately $44,000. Plato Investment Management Ltd bought a new position in shares of W.

P. Carey in the fourth quarter valued at approximately $48,000. Finally, Roxbury Financial LLC purchased a new stake in shares of W.

P. Carey during 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 %Shares of WPC stock opened at $61.59 on Wednesday.

The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 1.

06 and a beta of 0.95. The company’s fifty day simple moving average is $59.

59 and its two-hundred day simple moving average is $58.37. W.

P. Carey Inc. has a 1 year low of $52.

91 and a 1 year high of $66.10. The company has a debt-to-equity ratio of 0.

95, a current ratio of 0.98 and a quick ratio of 0.98.

W. P. Carey Increases DividendThe business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.

Investors of record on Monday, March 31st will be paid a dividend of $0.89 per share. This represents a $3.

56 dividend on an annualized basis and a dividend yield of 5.78%. This is a positive change from W.

P. Carey’s previous quarterly dividend of $0.88.

The ex-dividend date is Monday, March 31st. W. P.

Carey’s payout ratio is presently 170.33%. Analyst Ratings ChangesA number of brokerages have issued reports on WPC.

Evercore ISI upped their price objective on W. P. Carey from $60.

00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Scotiabank increased their price target on shares of W.

P. Carey from $59.00 to $63.

00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. JMP Securities restated a “market perform” rating on shares of W. P.

Carey in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of W. P.

Carey from $58.00 to $66.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th.

Finally, Barclays raised their price target on shares of 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock.

According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.75.Get Our Latest Stock Analysis on W.

P. CareyAbout W. P.

Carey (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.

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