W.P. Carey Inc. $WPC Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in W.P. Carey Inc. (NYSE:WPC) by 4.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,348,132 shares of the real estate investment trust’s stock after acquiring an additional 155,857 shares during the period. Dimensional Fund Advisors LP’s holdings in W.P. Carey were worth $227,539,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’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 sale, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.98% of the company’s stock.

W.P. Carey Trading Down 0.3%

Shares of W.P. Carey stock opened at $75.18 on Friday. W.P. Carey Inc. has a 12-month low of $63.08 and a 12-month high of $76.97. 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 stock has a market cap of $16.75 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The company has a 50-day moving average of $73.51 and a two-hundred day moving average of $71.89.

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 analysts’ consensus estimates of $0.61 by $0.69. The company had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, research analysts anticipate that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.94 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s payout ratio is presently 160.68%.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of analyst reports. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a report on Monday, June 8th. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada raised their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Six investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $78.00.

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.