Ocean Park Asset Management LLC Invests $701,000 in W.P. Carey Inc. $WPC

Ocean Park Asset Management LLC bought a new position in W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,309 shares of the real estate investment trust’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WPC. Laurel Wealth Advisors LLC purchased a new position in W.P. Carey in the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in W.P. Carey during the 4th quarter worth about $26,000. Olistico Wealth LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $28,000. Osbon Capital Management LLC purchased a new stake in W.P. Carey during the fourth quarter valued at about $29,000. Finally, Headlands Technologies LLC acquired a new position in shares of W.P. Carey in the second quarter worth about $30,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Trading Up 0.1%

NYSE:WPC opened at $71.27 on Monday. 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 fifty-two week low of $61.09 and a fifty-two week high of $76.97. The stock’s 50-day moving average is $73.68 and its two-hundred day moving average is $70.62. The stock has a market cap of $15.88 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.76.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The business had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities research analysts forecast that W.P. Carey Inc. will post 5.04 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is currently 158.97%.

Insider Activity

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WPC. Wells Fargo & Company lifted their target price on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Monday, June 8th. Barclays raised their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. Citigroup reissued a “market perform” rating on shares of W.P. Carey in a research note on Thursday. Finally, BMO Capital Markets cut their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, W.P. Carey presently has a consensus rating of “Hold” and an average price target of $77.83.

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.