Swedbank AB Acquires 75,253 Shares of W.P. Carey Inc. $WPC

Swedbank AB lifted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 124.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 135,849 shares of the real estate investment trust’s stock after purchasing an additional 75,253 shares during the period. Swedbank AB’s holdings in W.P. Carey were worth $8,743,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of W.P. Carey by 1.0% during the third quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after purchasing an additional 119,817 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of W.P. Carey by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock worth $271,150,000 after purchasing an additional 441,526 shares during the last quarter. Invesco Ltd. lifted its stake in shares of W.P. Carey by 416.8% during the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after acquiring an additional 3,139,266 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $214,315,000 after acquiring an additional 49,992 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of W.P. Carey by 0.7% during the third quarter. Legal & General Group Plc now owns 2,570,295 shares of the real estate investment trust’s stock valued at $173,675,000 after acquiring an additional 19,044 shares during the period. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the topic 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 target on the stock in a research note on Tuesday, March 17th. UBS Group upped their price target on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore set a $74.00 price target on W.P. Carey in a research note on Tuesday, February 17th. Finally, Barclays upped their price target on W.P. Carey from $68.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Four investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.00.

W.P. Carey Trading Up 0.3%

NYSE:WPC opened at $74.10 on Friday. W.P. Carey Inc. has a 1-year low of $59.34 and a 1-year high of $75.69. The business’s 50-day moving average price is $71.53 and its two-hundred day moving average price is $69.03. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.18 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share 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 analyst estimates of $430.64 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly 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. On average, equities analysts expect that W.P. Carey Inc. will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a yield of 5.0%. W.P. Carey’s payout ratio is currently 158.97%.

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.