FNY Investment Advisers LLC Invests $506,000 in W.P. Carey Inc. $WPC

FNY Investment Advisers LLC purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,500 shares of the real estate investment trust’s stock, valued at approximately $506,000.

A number of other institutional investors have also recently bought and sold shares of WPC. Headlands Technologies LLC purchased a new position in W.P. Carey during the 2nd quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new stake in shares of W.P. Carey in the third quarter worth approximately $33,000. LGT Financial Advisors LLC acquired a new stake in shares of W.P. Carey during the third quarter worth approximately $34,000. Salem Investment Counselors Inc. boosted its holdings in shares of W.P. Carey by 1,126.0% during the third 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 period. Finally, Caitong International Asset Management Co. Ltd grew its position in W.P. Carey by 1,450.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 620 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 580 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Trading Down 0.9%

NYSE:WPC opened at $69.38 on Friday. The company has a market capitalization of $15.21 billion, a P/E ratio of 32.88, a P/E/G ratio of 4.76 and a beta of 0.76. The stock’s 50 day moving average price is $71.09 and its 200 day moving average price is $68.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. W.P. Carey Inc. has a 52 week low of $54.24 and a 52 week high of $75.69.

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

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.93 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, March 31st. W.P. Carey’s dividend payout ratio is currently 174.41%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James Financial upgraded shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Tuesday. Evercore set a $74.00 target price on shares of W.P. Carey in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. UBS Group upped their price target on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. reduced their price objective on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.90.

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.