Pensionfund Sabic Purchases Shares of 42,804 W.P. Carey Inc. $WPC

Pensionfund Sabic acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,804 shares of the real estate investment trust’s stock, valued at approximately $2,754,000.

Several other hedge funds have also modified their holdings of WPC. State Street Corp grew its stake in W.P. Carey by 1.0% during the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after purchasing an additional 119,817 shares in the last quarter. Invesco Ltd. raised its position in W.P. Carey by 416.8% in the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after purchasing an additional 3,139,266 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of W.P. Carey by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,771,487 shares of the real estate investment trust’s stock valued at $254,839,000 after buying an additional 55,437 shares during the period. Dimensional Fund Advisors LP grew its position in shares of W.P. Carey by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock worth $214,315,000 after buying an additional 49,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of W.P. Carey by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,769,189 shares of the real estate investment trust’s stock worth $172,742,000 after buying an additional 106,879 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WPC. UBS Group raised their target price on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Finally, Citigroup lifted their price objective on shares of W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, W.P. Carey has a consensus rating of “Hold” and an average target price of $71.90.

W.P. Carey Stock Performance

Shares of WPC stock opened at $67.33 on Wednesday. The stock’s 50-day moving average is $71.14 and its two-hundred day moving average is $68.28. 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 1 year low of $54.24 and a 1 year high of $75.69. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 4.60 and a beta of 0.76.

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 (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 analysts’ expectations of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a dividend yield of 5.5%. W.P. Carey’s dividend payout ratio is currently 174.41%.

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.