Tredje AP fonden Lowers Holdings in W.P. Carey Inc. $WPC

Tredje AP fonden trimmed its position in W.P. Carey Inc. (NYSE:WPC) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,678 shares of the real estate investment trust’s stock after selling 11,299 shares during the period. Tredje AP fonden’s holdings in W.P. Carey were worth $1,532,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its stake in W.P. Carey by 23.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 122,544 shares of the real estate investment trust’s stock valued at $8,280,000 after buying an additional 23,225 shares during the period. Presima Securities ULC raised its holdings in shares of W.P. Carey by 26.7% in the 3rd quarter. Presima Securities ULC now owns 42,862 shares of the real estate investment trust’s stock valued at $2,896,000 after acquiring an additional 9,028 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of W.P. Carey by 181.7% during the 3rd quarter. NewEdge Wealth LLC now owns 13,970 shares of the real estate investment trust’s stock valued at $929,000 after acquiring an additional 9,011 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of W.P. Carey by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 914,969 shares of the real estate investment trust’s stock valued at $61,825,000 after acquiring an additional 38,981 shares during the last quarter. Finally, NEOS Investment Management LLC grew its holdings in shares of W.P. Carey by 102.8% during the third quarter. NEOS Investment Management LLC now owns 21,158 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 10,723 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Trading Up 0.8%

Shares of WPC opened at $72.35 on Monday. W.P. Carey Inc. has a fifty-two week low of $54.24 and a fifty-two week high of $74.72. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 4.93 and a beta of 0.78. The firm has a 50 day moving average price of $68.21 and a 200-day moving average price of $67.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The company had revenue of $444.55 million for the quarter, compared to analysts’ expectations of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, equities research analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.92 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. W.P. Carey’s dividend payout ratio is presently 174.41%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPC. JPMorgan Chase & Co. lowered their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Barclays set a $65.00 target price on shares of W.P. Carey in a research report on Tuesday, January 13th. Finally, Scotiabank increased their target price on W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

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.