Sequoia Financial Advisors LLC Purchases 2,109 Shares of W. P. Carey Inc. (NYSE:WPC)

Sequoia Financial Advisors LLC grew its position in shares of W. P. Carey Inc. (NYSE:WPC) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,009 shares of the real estate investment trust’s stock after buying an additional 2,109 shares during the quarter. Sequoia Financial Advisors LLC owned 0.07% of W. P. Carey worth $8,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in W. P. Carey by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust’s stock worth $2,418,000 after purchasing an additional 193 shares during the period. Independent Advisor Alliance lifted its position in W. P. Carey by 15.4% during the fourth quarter. Independent Advisor Alliance now owns 10,337 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 1,381 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in W. P. Carey by 33.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,715 shares of the real estate investment trust’s stock valued at $6,794,000 after purchasing an additional 31,427 shares in the last quarter. Axis Wealth Partners LLC purchased a new position in W. P. Carey during the fourth quarter valued at $468,000. Finally, Pillar Financial Advisors LLC purchased a new position in W. P. Carey during the fourth quarter valued at $81,000. 73.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WPC has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on W. P. Carey from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Scotiabank boosted their price objective on W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday. UBS Group reduced their price objective on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, Wells Fargo & Company boosted their price objective on W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, W. P. Carey presently has a consensus rating of “Hold” and an average target price of $63.75.

W. P. Carey Stock Down 1.6 %

Shares of NYSE:WPC opened at $61.97 on Thursday. W. P. Carey Inc. has a 1 year low of $52.91 and a 1 year high of $66.10. The business has a 50 day simple moving average of $58.12 and a two-hundred day simple moving average of $58.25. The firm has a market capitalization of $13.56 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98.

About W. P. Carey

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.