W.P. Carey Inc. $WPC Position Decreased by Walleye Capital LLC

Walleye Capital LLC lowered its holdings in W.P. Carey Inc. (NYSE:WPC) by 85.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,503 shares of the real estate investment trust’s stock after selling 19,893 shares during the quarter. Walleye Capital LLC’s holdings in W.P. Carey were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. boosted its holdings in W.P. Carey by 416.8% during the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after buying an additional 3,139,266 shares in the last quarter. Norges Bank acquired a new position in W.P. Carey in the fourth quarter worth approximately $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of W.P. Carey by 31,629.0% in the fourth 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 valued at $139,229,000 after buying an additional 2,156,467 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of W.P. Carey by 1,183.6% in the third 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 buying an additional 1,042,334 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position 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 valued at $48,128,000 after acquiring an additional 744,097 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Price Performance

WPC opened at $76.73 on Friday. The stock has a fifty day moving average price of $73.59 and a 200 day moving average price of $71.93. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 1 year low of $63.08 and a 1 year high of $76.97. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.96 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period in the prior year, the firm posted $1.17 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts forecast that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.94 dividend. 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 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s payout ratio is presently 160.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $83.00 in a report on Tuesday, June 16th. BMO Capital Markets dropped their price target on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Barclays lifted their price target on W.P. Carey from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Wednesday. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada raised their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $78.00.

Insider Buying and Selling

In other news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is owned by corporate insiders.

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.