Greenland Capital Management LP Buys 96,783 Shares of W.P. Carey Inc. $WPC

Greenland Capital Management LP lifted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 115.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,815 shares of the real estate investment trust’s stock after purchasing an additional 96,783 shares during the period. W.P. Carey accounts for 1.2% of Greenland Capital Management LP’s holdings, making the stock its 8th biggest position. Greenland Capital Management LP owned about 0.08% of W.P. Carey worth $11,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MTM Investment Management LLC bought a new stake in W.P. Carey during the second quarter worth $28,000. Headlands Technologies LLC bought a new position in shares of W.P. Carey in the 2nd quarter valued at about $30,000. Salem Investment Counselors Inc. increased 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 purchasing an additional 563 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of W.P. Carey by 73.2% during the 3rd quarter. Clearstead Advisors LLC now owns 646 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 273 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of W.P. Carey by 74.4% in the 3rd 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 during the period. 73.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WPC. JPMorgan Chase & Co. reduced their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Scotiabank upped their price objective on W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. Citigroup boosted their target price on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada raised their price target on W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey currently has an average rating of “Hold” and an average target price of $70.00.

W.P. Carey Trading Up 1.0%

Shares of WPC stock opened at $73.10 on Tuesday. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $74.72. The company has a market capitalization of $16.02 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The firm has a 50 day moving average price of $68.36 and a two-hundred day moving average price of $67.45. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02.

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

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. W.P. Carey’s payout ratio is 174.41%.

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.