FJ Capital Management LLC Lowers Holdings in W.P. Carey Inc. $WPC

FJ Capital Management LLC cut its holdings in W.P. Carey Inc. (NYSE:WPC) by 61.2% during the fourth quarter, Holdings Channel reports. The firm owned 7,091 shares of the real estate investment trust’s stock after selling 11,164 shares during the quarter. FJ Capital Management LLC’s holdings in W.P. Carey were worth $456,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WPC. Invesco Ltd. lifted 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 worth $263,014,000 after purchasing an additional 3,139,266 shares in the last quarter. Norges Bank purchased a new position in W.P. Carey in the 4th quarter worth approximately $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in W.P. Carey by 31,629.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock worth $139,229,000 after purchasing an additional 2,156,467 shares in the last quarter. Wellington Management Group LLP lifted 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 worth $76,381,000 after purchasing an additional 1,042,334 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in W.P. Carey by 2,712.0% in the 2nd quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after purchasing an additional 744,097 shares in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, 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 through the SEC website. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WPC. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a report on Monday, June 8th. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 17th. Wells Fargo & Company upped their price objective on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Evercore set a $74.00 price objective on W.P. Carey in a report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $76.90.

W.P. Carey Price Performance

WPC opened at $76.73 on Friday. W.P. Carey Inc. has a 12-month low of $61.09 and a 12-month high of $76.97. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $73.40 and its 200-day simple moving average is $70.39. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 3.28 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities research analysts anticipate that W.P. Carey Inc. will post 5.04 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.9%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date is Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 158.97%.

W.P. Carey Company 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.