W.P. Carey Inc. $WPC Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its position in W.P. Carey Inc. (NYSE:WPC) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,152 shares of the real estate investment trust’s stock after buying an additional 7,578 shares during the period. Carnegie Investment Counsel owned approximately 0.10% of W.P. Carey worth $14,622,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WPC. State Street Corp boosted its position in shares of W.P. Carey by 1.0% during the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after purchasing an additional 119,817 shares in the last quarter. Geode Capital Management LLC increased its position in shares of W.P. Carey by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock valued at $307,913,000 after buying an additional 110,306 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of W.P. Carey by 11.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock valued at $271,150,000 after buying an additional 441,526 shares in the last quarter. Invesco Ltd. raised its stake in shares of W.P. Carey by 0.3% during the 4th quarter. Invesco Ltd. now owns 3,904,767 shares of the real estate investment trust’s stock worth $251,311,000 after buying an additional 12,305 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of W.P. Carey by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,192,275 shares of the real estate investment trust’s stock worth $205,462,000 after buying an additional 20,585 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Insider Buying and Selling at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.98% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets lowered their price objective on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada lifted their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. Barclays increased their price target on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Finally, Scotiabank dropped their price objective on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.83.

W.P. Carey Price Performance

WPC stock traded up $0.66 during trading on Friday, hitting $71.61. The stock had a trading volume of 1,615,497 shares, compared to its average volume of 1,666,118. The company’s 50 day moving average price is $73.43 and its two-hundred day moving average price is $71.24. W.P. Carey Inc. has a 1-year low of $61.09 and a 1-year high of $76.97. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.69. The company had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts forecast that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.94 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date is Tuesday, June 30th. This represents a $3.76 annualized dividend and a yield of 5.3%. W.P. Carey’s payout ratio is presently 160.68%.

About W.P. Carey

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.