W.P. Carey Inc. $WPC Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of W.P. Carey Inc. (NYSE:WPC) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,671,692 shares of the real estate investment trust’s stock after selling 429,369 shares during the quarter. JPMorgan Chase & Co.’s holdings in W.P. Carey were worth $315,669,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WPC. Norges Bank acquired a new stake in shares of W.P. Carey in the second quarter valued at $151,411,000. Captrust Financial Advisors grew its holdings in W.P. Carey by 2,712.0% during the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after acquiring an additional 744,097 shares during the period. GRS Advisors LLC bought a new stake in W.P. Carey in the second quarter worth about $37,694,000. First Trust Advisors LP lifted its holdings in W.P. Carey by 422.2% in the 2nd quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock valued at $45,939,000 after acquiring an additional 595,404 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in W.P. Carey by 165.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock valued at $51,809,000 after acquiring an additional 517,855 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Trading Up 0.5%

NYSE:WPC opened at $71.74 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. W.P. Carey Inc. has a fifty-two week low of $54.24 and a fifty-two week high of $74.72. The stock’s 50-day moving average is $68.07 and its two-hundred day moving average is $67.33. The stock has a market cap of $15.72 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 6.09 and a beta of 0.78.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $444.55 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.21 earnings per share. 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 fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This is an increase 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 (DPR) is 174.41%.

Analyst Upgrades and Downgrades

WPC has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective 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. Scotiabank lifted their price target on shares of W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Citigroup upped their price target on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Barclays set a $65.00 price objective on W.P. Carey in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.