W.P. Carey Inc. $WPC Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in W.P. Carey Inc. (NYSE:WPC) by 8.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 922,540 shares of the real estate investment trust’s stock after acquiring an additional 71,463 shares during the quarter. Hsbc Holdings PLC’s holdings in W.P. Carey were worth $59,370,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC grew its holdings in shares of W.P. Carey by 2.5% during the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 145 shares during the last quarter. Gen Wealth Partners Inc lifted its position in W.P. Carey by 2.0% during the 4th quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 146 shares during the period. Turning Point Benefit Group Inc. lifted its position in W.P. Carey by 6.3% during 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 acquiring an additional 148 shares during the period. 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 valued at $575,000 after purchasing an additional 149 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of W.P. Carey by 0.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 35,137 shares of the real estate investment trust’s stock valued at $2,261,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WPC. UBS Group set a $76.00 price target on W.P. Carey in a research note on Thursday, June 18th. Scotiabank dropped their price objective on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Finally, BMO Capital Markets lowered their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. 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.com, W.P. Carey presently has a consensus rating of “Hold” and an average target price of $77.83.

Insider Transactions at W.P. Carey

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

W.P. Carey Trading Down 0.1%

Shares of WPC stock opened at $71.25 on Monday. The business’s fifty day moving average price is $73.62 and its 200 day moving average price is $71.06. The firm has a market capitalization of $15.87 billion, a PE ratio of 30.45, a P/E/G ratio of 2.76 and a beta of 0.76. 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.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 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 analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, 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 business also recently announced 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 represents a $3.76 dividend on an annualized basis and a yield of 5.3%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Tuesday, June 30th. W.P. Carey’s dividend payout ratio is 160.68%.

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.