TT Capital Management LLC Sells 13,778 Shares of W.P. Carey Inc. $WPC

TT Capital Management LLC lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 48,214 shares of the real estate investment trust’s stock after selling 13,778 shares during the period. W.P. Carey makes up 2.5% of TT Capital Management LLC’s portfolio, making the stock its 9th largest position. TT Capital Management LLC’s holdings in W.P. Carey were worth $3,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in W.P. Carey by 416.8% in the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after purchasing an additional 3,139,266 shares in the last quarter. Norges Bank purchased a new stake in W.P. Carey in the 4th quarter valued at approximately $184,035,000. Wellington Management Group LLP boosted its holdings in W.P. Carey by 1,183.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock valued at $76,381,000 after purchasing an additional 1,042,334 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of W.P. Carey by 2,712.0% during the 2nd 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 in the last quarter. Finally, Barclays PLC boosted its stake in shares of W.P. Carey by 331.0% during the 3rd quarter. Barclays PLC now owns 861,430 shares of the real estate investment trust’s stock worth $58,207,000 after acquiring an additional 661,572 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

WPC stock opened at $73.91 on Friday. W.P. Carey Inc. has a 1 year low of $61.09 and a 1 year high of $75.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50 day moving average price is $72.52 and its 200 day moving average price is $70.05. The firm has a market cap of $16.46 billion, a P/E ratio of 31.58, a PEG ratio of 3.16 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last posted its 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. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the prior year, the company earned $1.17 EPS. W.P. Carey’s revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts expect that W.P. Carey Inc. will post 5.02 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 Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio is currently 158.97%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted 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. Barclays boosted their price target on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. Evercore set a $74.00 price target on W.P. Carey in a research note on Tuesday, February 17th. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Tuesday, March 17th. Finally, UBS Group boosted their price target on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, W.P. Carey currently has a consensus rating of “Hold” and an average target price of $75.00.

Insider Transactions at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.