Geneos Wealth Management Inc. Sells 22,276 Shares of W.P. Carey Inc. $WPC

Geneos Wealth Management Inc. cut its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 8.3% in the 1st quarter, HoldingsChannel reports. The firm owned 245,228 shares of the real estate investment trust’s stock after selling 22,276 shares during the quarter. Geneos Wealth Management Inc.’s holdings in W.P. Carey were worth $16,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPC. Sanctuary Advisors LLC grew its position in W.P. Carey by 10.9% during the first quarter. Sanctuary Advisors LLC now owns 31,543 shares of the real estate investment trust’s stock valued at $2,144,000 after buying an additional 3,112 shares during the period. Maryland State Retirement & Pension System raised its position in W.P. Carey by 12.6% in the first quarter. Maryland State Retirement & Pension System now owns 11,398 shares of the real estate investment trust’s stock worth $775,000 after acquiring an additional 1,271 shares during the period. HBW Advisory Services LLC bought a new stake in W.P. Carey in the first quarter worth about $248,000. State of Michigan Retirement System boosted its stake in W.P. Carey by 1.4% in the first quarter. State of Michigan Retirement System now owns 63,600 shares of the real estate investment trust’s stock valued at $4,322,000 after acquiring an additional 900 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of W.P. Carey by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 488,973 shares of the real estate investment trust’s stock valued at $33,231,000 after acquiring an additional 17,812 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Trading Up 0.2%

NYSE:WPC opened at $72.10 on Thursday. The company has a market cap of $16.06 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.78 and a beta of 0.76. The stock’s fifty day moving average price is $73.36 and its two-hundred day moving average price is $71.45. W.P. Carey Inc. has a 1 year low of $61.09 and a 1 year 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.

W.P. Carey (NYSE:WPC) last announced its quarterly 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 company had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s quarterly revenue 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. As a group, analysts expect that W.P. Carey Inc. will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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 dividend yield of 5.2%. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is currently 160.68%.

Insider Buying and Selling at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on WPC. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $83.00 in a research report on Tuesday, June 16th. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Royal Bank Of Canada increased their price target 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, Scotiabank decreased their price objective on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.