Allstate Corp Raises Stock Holdings in W.P. Carey Inc. $WPC

Allstate Corp boosted its holdings in W.P. Carey Inc. (NYSE:WPC) by 111.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,522 shares of the real estate investment trust’s stock after buying an additional 8,723 shares during the quarter. Allstate Corp’s holdings in W.P. Carey were worth $1,063,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WPC. Captrust Financial Advisors increased its position in shares of W.P. Carey by 9.1% during the 3rd quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock valued at $56,901,000 after purchasing an additional 70,572 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of W.P. Carey by 10.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock valued at $25,150,000 after purchasing an additional 36,205 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of W.P. Carey by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock valued at $214,315,000 after purchasing an additional 49,992 shares during the last quarter. Pensionfund PDN purchased a new stake in shares of W.P. Carey during the 4th quarter valued at about $2,851,000. Finally, APG Asset Management US Inc. increased its position in shares of W.P. Carey by 12.8% during the 3rd quarter. APG Asset Management US Inc. now owns 916,606 shares of the real estate investment trust’s stock valued at $62,760,000 after purchasing an additional 104,365 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W.P. Carey Stock Up 0.5%

Shares of WPC opened at $74.57 on Friday. The company has a market cap of $16.61 billion, a PE ratio of 31.87, a P/E/G ratio of 3.19 and a beta of 0.77. The business has a fifty day moving average of $72.07 and a 200 day moving average of $69.86. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $75.69. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The business had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts expect that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.93 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. W.P. Carey’s dividend payout ratio is 158.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank increased their target price on shares of W.P. Carey from $73.00 to $79.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Barclays increased their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Tuesday, March 17th. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.20.

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.98% of the company’s stock.

W.P. Carey Company Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.