Private Management Group Inc. Sells 114,326 Shares of W.P. Carey Inc. $WPC

Private Management Group Inc. trimmed its stake in W.P. Carey Inc. (NYSE:WPC) by 23.9% in the 4th quarter, HoldingsChannel reports. The fund owned 363,183 shares of the real estate investment trust’s stock after selling 114,326 shares during the quarter. Private Management Group Inc.’s holdings in W.P. Carey were worth $23,374,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in W.P. Carey by 1.6% during the 2nd quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock worth $46,984,000 after buying an additional 11,635 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in W.P. Carey during the 2nd quarter worth $115,000. Bank of Nova Scotia grew its stake in W.P. Carey by 7.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 555 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in W.P. Carey during the 2nd quarter worth $3,494,000. Finally, Sei Investments Co. grew its stake in W.P. Carey by 73.0% during the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock worth $6,050,000 after buying an additional 40,908 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the sale, the chief accounting officer owned 13,882 shares in the company, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

W.P. Carey Stock Down 0.2%

W.P. Carey stock opened at $75.72 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $73.26 and its two-hundred day simple moving average is $70.34. The company has a market cap of $16.87 billion, a PE ratio of 32.36, a PEG ratio of 3.24 and a beta of 0.76. W.P. Carey Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $76.91.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.69. The business had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities analysts anticipate that W.P. Carey Inc. will post 5.04 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, June 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio (DPR) is presently 158.97%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WPC. Barclays boosted their target price on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. UBS Group boosted their target price on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research note on Monday. Evercore set a $74.00 target price on W.P. Carey in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada boosted their target price on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.90.

W.P. Carey Company 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.