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

OP Asset Management Ltd purchased a new stake in W.P. Carey Inc. (NYSE:WPC) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 38,723 shares of the real estate investment trust’s stock, valued at approximately $2,632,000.

Several other hedge funds also recently added to or reduced their stakes in WPC. Captrust Financial Advisors lifted its holdings in W.P. Carey by 9.1% in the 3rd 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of 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 valued at $25,150,000 after acquiring an additional 36,205 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of W.P. Carey during the fourth quarter valued at about $41,638,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 acquiring an additional 36,779 shares during the last quarter. Finally, Swedbank AB increased its position in shares of W.P. Carey by 124.2% during the fourth quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock worth $8,743,000 after acquiring an additional 75,253 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on WPC. UBS Group set a $76.00 price target on W.P. Carey in a report on Thursday, June 18th. BMO Capital Markets dropped their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company upped their target price on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada raised their price target on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, W.P. Carey has a consensus rating of “Hold” and an average target price of $77.83.

Insider Activity

In related news, CAO Brian H. Zander sold 433 shares of the firm’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 in the company, valued at $1,027,268. This trade 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 through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

W.P. Carey Stock Up 0.7%

NYSE:WPC opened at $73.87 on Friday. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76. W.P. Carey Inc. has a one year low of $61.09 and a one year high of $76.97. The stock has a 50-day simple moving average of $73.80 and a 200 day simple moving average of $70.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data 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 firm 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 firm posted $1.17 earnings per share. W.P. Carey’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. Sell-side analysts predict that W.P. Carey Inc. will post 5.04 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.76 annualized dividend and a dividend yield of 5.1%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio is currently 158.97%.

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.