Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $3.02 Million Position in W.P. Carey Inc. $WPC

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 46,934 shares of the real estate investment trust’s stock, valued at approximately $3,021,000.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in W.P. Carey by 9.1% during the third quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock worth $56,901,000 after buying an additional 70,572 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in W.P. Carey by 10.8% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock worth $25,150,000 after buying an additional 36,205 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in W.P. Carey by 372.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock worth $3,002,000 after buying an additional 36,779 shares during the period. Finally, Oak Thistle LLC purchased a new stake in W.P. Carey during the fourth quarter worth $2,922,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of analyst reports. 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. Barclays upped their target price on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th. Wells Fargo & Company upped their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Evercore set a $74.00 target price on W.P. Carey in a report on Tuesday, February 17th. Finally, UBS Group upped their target price on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.90.

W.P. Carey Stock Performance

Shares of WPC stock opened at $73.98 on Tuesday. The business’s fifty day simple moving average is $72.79 and its 200-day simple moving average is $70.15. The company has a market cap of $16.48 billion, a PE ratio of 31.62, a PEG ratio of 3.20 and a beta of 0.76. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 12-month low of $61.09 and a 12-month high of $75.69.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts expect that W.P. Carey Inc. will post 5.02 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.0%. W.P. Carey’s payout ratio is currently 158.97%.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the company’s 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 transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

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.