W.P. Carey Inc. $WPC Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its position in W.P. Carey Inc. (NYSE:WPC) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,400 shares of the real estate investment trust’s stock after buying an additional 75,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in W.P. Carey were worth $23,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of WPC. Invesco Ltd. grew its stake in shares of W.P. Carey by 416.8% in the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after buying an additional 3,139,266 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of W.P. Carey by 1,183.6% in the third quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock valued at $76,381,000 after buying an additional 1,042,334 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of W.P. Carey by 2,712.0% in the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock valued at $48,128,000 after buying an additional 744,097 shares in the last quarter. Barclays PLC grew its stake in shares of W.P. Carey by 331.0% in the third quarter. Barclays PLC now owns 861,430 shares of the real estate investment trust’s stock valued at $58,207,000 after buying an additional 661,572 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of W.P. Carey by 165.6% in the second quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock valued at $51,809,000 after buying an additional 517,855 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of research reports. Royal Bank Of Canada lifted their price objective 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. Scotiabank lifted their price objective on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Citigroup lifted their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. UBS Group lifted their price objective on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, W.P. Carey currently has an average rating of “Hold” and a consensus target price of $72.30.

W.P. Carey Trading Down 1.3%

NYSE:WPC opened at $72.83 on Thursday. The firm has a market cap of $15.97 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 4.85 and a beta of 0.78. The stock has a fifty day moving average price of $71.52 and a 200 day moving average price of $68.68. W.P. Carey Inc. has a 12-month low of $59.34 and a 12-month high of $75.69. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last released 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. The firm had revenue of $444.55 million during 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%.W.P. Carey’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Sell-side analysts anticipate that W.P. Carey Inc. will post 5.02 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 5.1%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 31st. W.P. Carey’s dividend payout ratio (DPR) is 176.30%.

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.