J. Safra Sarasin Holding AG Invests $770,000 in W.P. Carey Inc. $WPC

J. Safra Sarasin Holding AG bought a new stake in W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,324 shares of the real estate investment trust’s stock, valued at approximately $770,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its holdings in W.P. Carey by 2.5% during the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 145 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of W.P. Carey by 0.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 21,474 shares of the real estate investment trust’s stock worth $1,459,000 after buying an additional 146 shares in the last quarter. Gen Wealth Partners Inc lifted its position in shares of W.P. Carey by 2.0% during the 4th quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 146 shares during the period. Turning Point Benefit Group Inc. boosted its stake 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 buying an additional 148 shares in the last quarter. Finally, Brookwood Investment Group LLC boosted its stake in W.P. Carey by 1.7% in the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Wolfe Research raised shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Monday, June 8th. BMO Capital Markets dropped their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Barclays lifted their price target on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a report on Tuesday, May 19th. Finally, Citigroup restated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Six 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. Based on data from MarketBeat, W.P. Carey has a consensus rating of “Hold” and an average price target of $77.83.

Insider Activity at W.P. Carey

In related 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 sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.98% of the stock is owned by company insiders.

W.P. Carey Stock Performance

W.P. Carey stock opened at $72.10 on Thursday. The stock has a 50-day simple moving average of $73.36 and a 200 day simple moving average of $71.45. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 12-month low of $61.09 and a 12-month high of $76.97. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.78 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. 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 firm earned $1.17 EPS. The company’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, research analysts anticipate that W.P. Carey Inc. will post 5.06 earnings per share for the current fiscal 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 paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 5.2%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s payout ratio is currently 160.68%.

W.P. Carey 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.