Cetera Investment Advisers Has $22.83 Million Stock Holdings in W.P. Carey Inc. $WPC

Cetera Investment Advisers trimmed its holdings in W.P. Carey Inc. (NYSE:WPC) by 4.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 335,880 shares of the real estate investment trust’s stock after selling 14,034 shares during the quarter. Cetera Investment Advisers’ holdings in W.P. Carey were worth $22,826,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC grew its holdings in W.P. Carey by 20.4% during the 1st quarter. NewEdge Wealth LLC now owns 18,794 shares of the real estate investment trust’s stock worth $1,277,000 after acquiring an additional 3,182 shares during the last quarter. First Trust Advisors LP raised its stake in shares of W.P. Carey by 1.8% in the first quarter. First Trust Advisors LP now owns 650,197 shares of the real estate investment trust’s stock worth $44,187,000 after acquiring an additional 11,409 shares during the last quarter. ABN Amro Investment Solutions raised its stake in shares of W.P. Carey by 2.7% in the first quarter. ABN Amro Investment Solutions now owns 13,543 shares of the real estate investment trust’s stock worth $920,000 after acquiring an additional 355 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in shares of W.P. Carey in the first quarter worth about $66,000. Finally, HORAN Wealth LLC lifted its position in shares of W.P. Carey by 11.0% during the first quarter. HORAN Wealth LLC now owns 19,773 shares of the real estate investment trust’s stock worth $1,344,000 after purchasing an additional 1,962 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Up 0.1%

W.P. Carey stock opened at $76.73 on Monday. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.96 and a beta of 0.76. The company’s 50 day simple moving average is $73.59 and its 200 day simple moving average is $71.98. 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 fifty-two week low of $63.08 and a fifty-two week high of $76.97.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period in the previous year, the company posted $1.17 earnings per share. 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, sell-side analysts anticipate that W.P. Carey Inc. will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 annualized dividend and a dividend yield of 4.9%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio (DPR) is 160.68%.

Analysts Set New Price Targets

WPC has been the topic of several research analyst reports. Scotiabank decreased their price target 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. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. BMO Capital Markets decreased their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $83.00 in a research note on Tuesday, June 16th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.00.

Insider Activity

In related news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction 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 approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is owned by company insiders.

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.