38,723 Shares in W.P. Carey Inc. $WPC Acquired by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,723 shares of the real estate investment trust’s stock, valued at approximately $2,632,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its position in W.P. Carey by 1.6% in the 2nd quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock valued at $46,984,000 after buying an additional 11,635 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of W.P. Carey during the 2nd quarter worth about $115,000. Bank of Nova Scotia lifted its stake in shares of W.P. Carey by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 555 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of W.P. Carey in the 2nd quarter worth approximately $3,494,000. Finally, Sei Investments Co. lifted its stake in shares of W.P. Carey by 73.0% in the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock worth $6,050,000 after acquiring an additional 40,908 shares during the period. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Stock Up 0.7%

WPC stock opened at $73.87 on Friday. The firm has a market cap of $16.45 billion, a PE ratio of 31.57, a P/E/G ratio of 2.86 and a beta of 0.76. W.P. Carey Inc. has a 12 month low of $61.09 and a 12 month high of $76.97. 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 firm has a 50 day simple moving average of $73.80 and a 200 day simple moving average of $70.80.

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, beating 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 company had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. 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. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Tuesday, June 30th. W.P. Carey’s payout ratio is presently 158.97%.

Insider Activity at W.P. Carey

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 completion of the sale, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at $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 available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research note on Monday, June 8th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. UBS Group set a $76.00 price target on W.P. Carey in a research note on Thursday, June 18th. Royal Bank Of Canada boosted their price objective 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. Finally, Wells Fargo & Company upped their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.83.

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.