Pacer Advisors Inc. Sells 9,946 Shares of W.P. Carey Inc. $WPC

Pacer Advisors Inc. trimmed its position in shares of W.P. Carey Inc. (NYSE:WPC) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,889 shares of the real estate investment trust’s stock after selling 9,946 shares during the period. Pacer Advisors Inc.’s holdings in W.P. Carey were worth $6,686,000 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. Jacobi Capital Management LLC increased its position in W.P. Carey by 2.5% in the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 145 shares during the last quarter. Gen Wealth Partners Inc lifted its position in W.P. Carey by 2.0% during the fourth quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 146 shares during the last quarter. Turning Point Benefit Group Inc. grew its stake in shares of W.P. Carey by 6.3% in the 4th quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 148 shares in the last quarter. Brookwood Investment Group LLC grew its stake in shares of W.P. Carey by 1.7% in the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 149 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of W.P. Carey by 4.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 178 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank decreased their target price on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Thursday. Barclays lifted their price target on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 17th. Finally, Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $83.00 in a report on Tuesday, June 16th. Six 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’s stock. According to data from MarketBeat, W.P. Carey presently has an average rating of “Hold” and a consensus target price of $77.83.

W.P. Carey Stock Up 0.1%

NYSE:WPC opened at $71.27 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. W.P. Carey Inc. has a 1-year low of $61.09 and a 1-year high of $76.97. The company has a 50-day moving average of $73.68 and a 200 day moving average of $70.62. The firm has a market cap of $15.88 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The business had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same quarter last year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, research analysts anticipate that W.P. Carey Inc. will post 5.04 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.3%. W.P. Carey’s dividend payout ratio is 158.97%.

W.P. Carey 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.