SEB Asset Management AB Invests $18.84 Million in W.P. Carey Inc. $WPC

SEB Asset Management AB acquired a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 277,169 shares of the real estate investment trust’s stock, valued at approximately $18,836,000.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its holdings in W.P. Carey by 7.1% in the 1st quarter. Swiss National Bank now owns 643,151 shares of the real estate investment trust’s stock worth $43,709,000 after acquiring an additional 42,900 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in W.P. Carey during the first quarter valued at approximately $1,998,000. Advisortrust Partners LLC lifted its holdings in W.P. Carey by 9.1% during the first quarter. Advisortrust Partners LLC now owns 5,249 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 440 shares in the last quarter. Assetmark Inc. boosted its position in shares of W.P. Carey by 2.6% in the first quarter. Assetmark Inc. now owns 26,159 shares of the real estate investment trust’s stock worth $1,778,000 after purchasing an additional 661 shares during the period. Finally, Brummer Multi Strategy AB bought a new position in shares of W.P. Carey in the first quarter worth approximately $1,937,000. 73.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WPC. Barclays raised their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Wells Fargo & Company upped their target price on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a report on Monday, June 8th. Finally, Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.83.

W.P. Carey Trading Up 0.0%

WPC stock opened at $75.87 on Monday. W.P. Carey Inc. has a 1-year low of $61.19 and a 1-year high of $76.97. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 2.93 and a beta of 0.76. The business has a 50 day simple moving average of $73.42 and a two-hundred day simple moving average of $71.60.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.69. The firm had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Research analysts anticipate that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.0%. W.P. Carey’s dividend payout ratio is 160.68%.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 13,882 shares in the company, valued at $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

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.