Andra AP fonden Sells 57,059 Shares of W.P. Carey Inc. $WPC

Andra AP fonden reduced its holdings in W.P. Carey Inc. (NYSE:WPC) by 98.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 941 shares of the real estate investment trust’s stock after selling 57,059 shares during the period. Andra AP fonden’s holdings in W.P. Carey were worth $64,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of W.P. Carey by 22.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 153,462 shares of the real estate investment trust’s stock valued at $10,429,000 after acquiring an additional 27,734 shares during the last quarter. Swedbank AB grew its stake in W.P. Carey by 124.2% in the 4th quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock worth $8,743,000 after buying an additional 75,253 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of W.P. Carey in the 4th quarter worth $41,638,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of W.P. Carey by 372.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock worth $3,002,000 after buying an additional 36,779 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of W.P. Carey during the 4th quarter valued at $2,922,000. 73.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WPC. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Wells Fargo & Company increased their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. UBS Group set a $76.00 target price on shares of W.P. Carey in a report on Thursday, June 18th. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target for the company in a report on Monday, June 8th. Finally, Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $78.00.

Insider Activity at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’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 transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by company insiders.

W.P. Carey Stock Down 0.3%

WPC stock opened at $75.18 on Friday. W.P. Carey Inc. has a twelve month low of $63.08 and a twelve month high of $76.97. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $73.51 and a 200 day moving average of $71.89. The firm has a market cap of $16.75 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. The business had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. W.P. Carey’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, research 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 5.0%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s payout ratio is 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.