Northwestern Mutual Wealth Management Co. Acquires 36,779 Shares of W.P. Carey Inc. $WPC

Northwestern Mutual Wealth Management Co. grew its holdings in W.P. Carey Inc. (NYSE:WPC) by 372.8% in the 4th quarter, Holdings Channel reports. The fund owned 46,644 shares of the real estate investment trust’s stock after purchasing an additional 36,779 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in W.P. Carey were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of W.P. Carey by 9.1% in the third quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock valued at $56,901,000 after acquiring an additional 70,572 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of W.P. Carey by 10.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock valued at $25,150,000 after acquiring an additional 36,205 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of W.P. Carey by 149.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 283,045 shares of the real estate investment trust’s stock valued at $19,125,000 after acquiring an additional 169,755 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of W.P. Carey by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock valued at $214,315,000 after acquiring an additional 49,992 shares during the period. Finally, APG Asset Management US Inc. boosted its position in shares of W.P. Carey by 12.8% in the third quarter. APG Asset Management US Inc. now owns 916,606 shares of the real estate investment trust’s stock valued at $62,760,000 after acquiring an additional 104,365 shares during the period. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Performance

W.P. Carey stock opened at $74.54 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a fifty day moving average price of $71.81 and a two-hundred day moving average price of $69.66. W.P. Carey Inc. has a 52-week low of $60.02 and a 52-week high of $75.69. The firm has a market capitalization of $16.60 billion, a P/E ratio of 31.85, a P/E/G ratio of 3.20 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. During the same period in the prior year, the company posted $1.17 earnings per share. The business’s revenue for the quarter 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. As a group, analysts anticipate that W.P. Carey Inc. will post 5.02 EPS 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 paid a dividend of $0.93 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, March 31st. W.P. Carey’s dividend payout ratio is currently 158.97%.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WPC has been the subject of several research reports. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 17th. Evercore set a $74.00 price objective on W.P. Carey in a research report on Tuesday, February 17th. Scotiabank upped their target price on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Barclays upped their target price on W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.20.

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.