North Dakota State Investment Board Purchases New Holdings in W.P. Carey Inc. $WPC

North Dakota State Investment Board purchased a new stake in W.P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,616 shares of the real estate investment trust’s stock, valued at approximately $490,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Turning Point Benefit Group Inc. increased its position in W.P. Carey by 6.3% in the 4th quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 148 shares during the period. Brookwood Investment Group LLC raised its position in W.P. Carey by 1.7% during the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 149 shares during the last quarter. Fifth Third Bancorp raised its position in W.P. Carey by 4.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 178 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in W.P. Carey by 2.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,829 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 193 shares during the last quarter. Finally, Woodward Diversified Capital LLC raised its position in W.P. Carey by 3.9% during the 4th quarter. Woodward Diversified Capital LLC now owns 5,243 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of 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 shares of W.P. Carey in a research note on Tuesday, February 17th. Citigroup boosted their target price on W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Scotiabank increased their target price on W.P. Carey from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their target price 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. Four research 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. According to MarketBeat, W.P. Carey has an average rating of “Hold” and an average target price of $74.20.

W.P. Carey Stock Performance

Shares of WPC stock opened at $74.54 on Friday. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 3.22 and a beta of 0.77. The stock has a 50 day simple moving average of $71.75 and a 200-day simple moving average of $69.57. W.P. Carey Inc. has a 12-month low of $60.02 and a 12-month high of $75.69. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The business had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities analysts forecast that W.P. Carey Inc. will post 5.02 EPS 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 issued a dividend of $0.93 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 31st. This represents a $3.72 dividend on an annualized basis and a yield of 5.0%. W.P. Carey’s payout ratio is currently 158.97%.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the 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 owned 13,882 shares in the company, valued at approximately $1,027,268. This represents a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.