W.P. Carey Inc. $WPC Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in W.P. Carey Inc. (NYSE:WPC) by 1.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,353,944 shares of the real estate investment trust’s stock after purchasing an additional 37,649 shares during the quarter. Bank of New York Mellon Corp’s holdings in W.P. Carey were worth $159,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in 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 worth $10,429,000 after purchasing an additional 27,734 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of W.P. Carey during the 4th quarter valued at about $41,638,000. Swedbank AB lifted its holdings in shares of 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 valued at $8,743,000 after buying an additional 75,253 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in W.P. Carey by 372.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock worth $3,002,000 after acquiring an additional 36,779 shares during the period. Finally, Oak Thistle LLC acquired a new stake in W.P. Carey during the fourth quarter worth about $2,922,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WPC. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $83.00 in a research report on Tuesday, June 16th. Royal Bank Of Canada raised their price objective on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Barclays upped their target price on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $77.83.

W.P. Carey Stock Up 0.0%

Shares of WPC opened at $75.87 on Monday. The company’s 50-day moving average price is $73.42 and its 200 day moving average price is $71.60. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 12-month low of $61.19 and a 12-month high of $76.97. The firm has a market cap of $16.90 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the previous year, the company earned $1.17 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. 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 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is presently 160.68%.

Insider Activity at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 13,882 shares in the company, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

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.