North Dakota State Investment Board Invests $490,000 in W.P. Carey Inc. $WPC

North Dakota State Investment Board acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the 4th quarter, Holdings Channel reports. The fund acquired 7,616 shares of the real estate investment trust’s stock, valued at approximately $490,000.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in W.P. Carey in the fourth quarter valued at $25,000. Olistico Wealth LLC acquired a new position in W.P. Carey in the fourth quarter valued at $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey in the second quarter valued at $30,000. Wealth Watch Advisors INC acquired a new position in W.P. Carey in the third quarter valued at $33,000. Finally, LGT Financial Advisors LLC acquired a new position in W.P. Carey in the third quarter valued at $34,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Trading Down 0.5%

NYSE:WPC opened at $74.54 on Friday. The business’s 50-day moving average is $71.75 and its two-hundred day moving average is $69.57. 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 12 month low of $60.02 and a 12 month high of $75.69. The firm has a market capitalization of $16.60 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 3.22 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating 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 company had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period last year, the company posted $1.17 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 5.0%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 31st. W.P. Carey’s dividend payout ratio is 158.97%.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on W.P. Carey from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Scotiabank lifted their target price on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Evercore set a $74.00 target price on W.P. Carey in a report on Tuesday, February 17th. Royal Bank Of Canada lifted their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, UBS Group lifted their target price on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.20.

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.