Vanguard Group Inc. Reduces Stock Position in W.P. Carey Inc. $WPC

Vanguard Group Inc. decreased its position in shares of W.P. Carey Inc. (NYSE:WPC) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,625,541 shares of the real estate investment trust’s stock after selling 153,500 shares during the quarter. Vanguard Group Inc. owned 13.98% of W.P. Carey worth $2,069,368,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new position in W.P. Carey during the second quarter worth $28,000. Headlands Technologies LLC purchased a new position in shares of W.P. Carey in the second quarter valued at $30,000. Salem Investment Counselors Inc. raised its stake in shares of W.P. Carey by 1,126.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 563 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of W.P. Carey by 74.4% in the third quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 282 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of W.P. Carey in the third quarter valued at approximately $52,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WPC. Royal Bank Of Canada upped their target price on W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Barclays set a $65.00 target price on shares of W.P. Carey in a research note on Tuesday, January 13th. Scotiabank raised their price target on shares of W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, W.P. Carey currently has a consensus rating of “Hold” and a consensus target price of $70.00.

W.P. Carey Stock Performance

W.P. Carey stock opened at $71.74 on Friday. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 6.09 and a beta of 0.78. W.P. Carey Inc. has a 12 month low of $54.24 and a 12 month high of $74.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s 50-day moving average is $68.07 and its 200-day moving average is $67.33.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business had revenue of $444.55 million during the quarter, compared to analysts’ expectations of $433.28 million. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.92 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 5.1%. W.P. Carey’s dividend payout ratio is currently 174.41%.

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.