W.P. Carey Inc. $WPC Position Cut by Dupree Financial Group LLC

Dupree Financial Group LLC decreased its holdings in W.P. Carey Inc. (NYSE:WPC) by 29.9% in the 1st quarter, HoldingsChannel reports. The firm owned 62,015 shares of the real estate investment trust’s stock after selling 26,487 shares during the quarter. W.P. Carey makes up 1.7% of Dupree Financial Group LLC’s portfolio, making the stock its 23rd largest holding. Dupree Financial Group LLC’s holdings in W.P. Carey were worth $4,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in W.P. Carey by 1.0% during the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock valued at $844,065,000 after purchasing an additional 119,817 shares in the last quarter. Geode Capital Management LLC increased its position in shares of W.P. Carey by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock valued at $307,913,000 after purchasing an additional 110,306 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of W.P. Carey by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock worth $271,150,000 after buying an additional 441,526 shares in the last quarter. Invesco Ltd. raised its stake in shares of W.P. Carey by 0.3% in the 4th quarter. Invesco Ltd. now owns 3,904,767 shares of the real estate investment trust’s stock worth $251,311,000 after buying an additional 12,305 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in W.P. Carey by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,192,275 shares of the real estate investment trust’s stock worth $205,462,000 after acquiring an additional 20,585 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the sale, the chief accounting officer directly owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by company insiders.

W.P. Carey Stock Performance

WPC stock opened at $73.87 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.86 and a beta of 0.76. W.P. Carey Inc. has a 12 month low of $61.09 and a 12 month high of $76.97. The firm has a 50 day moving average of $73.80 and a two-hundred day moving average of $70.84.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating the consensus estimate of $0.61 by $0.69. The company had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.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 company posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities analysts anticipate that W.P. Carey Inc. will post 5.04 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a yield of 5.1%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio (DPR) is presently 158.97%.

Analyst Ratings Changes

WPC has been the subject of a number of research analyst reports. Barclays upped 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. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. 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 report on Tuesday, March 17th. Wells Fargo & Company increased their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada raised their price objective 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. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, W.P. Carey has an average rating of “Hold” and an average target price of $77.83.

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.