5 Quarterly Dividend REIT Stocks to Buy

3. W. P. Carey Inc. (NYSE: WPC)

Number of Hedge Fund Holders: 29
Dividend Yield: 5.33%

W. P. Carey Inc. (NYSE: WPC) is one of the largest net lease REITs with an enterprise value of about $18 billion, alongside a portfolio of operationally critical commercial real estate including 1,215 net lease properties covering about 42 million square feet, as of last September. The company ranks 3rd on our list of quarterly dividend REIT stocks to buy.

Capital One upgraded shares of W. P. Carey Inc. (NYSE: WPC) from Equalweight to Overweight just this July, while placing a $90 price target on the stock as well.

In the second quarter of 2021, W. P. Carey Inc. (NYSE: WPC) had an FFO of $1.20, beating estimates by $0.02. The company’s revenue was $319.72 million, up 10.05% year over year and beating estimates by $4.69 million.

By the end of the second quarter of 2021, 29 hedge funds out of the 873 tracked by Insider Monkey held stakes in W. P. Carey Inc. (NYSE: WPC) worth roughly $147 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $162 million.