NewEdge Wealth LLC Acquires 9,011 Shares of W.P. Carey Inc. $WPC

NewEdge Wealth LLC boosted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 181.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,970 shares of the real estate investment trust’s stock after acquiring an additional 9,011 shares during the quarter. NewEdge Wealth LLC’s holdings in W.P. Carey were worth $929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC grew its stake in shares of W.P. Carey by 4.4% in the third quarter. Advisors Capital Management LLC now owns 914,969 shares of the real estate investment trust’s stock worth $61,825,000 after purchasing an additional 38,981 shares during the last quarter. NEOS Investment Management LLC lifted its holdings in W.P. Carey by 102.8% during the 3rd quarter. NEOS Investment Management LLC now owns 21,158 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 10,723 shares during the period. Merit Financial Group LLC grew its position in shares of W.P. Carey by 64.5% in the 3rd quarter. Merit Financial Group LLC now owns 12,299 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 4,821 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of W.P. Carey by 4.5% in the third quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 178 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of W.P. Carey by 6.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 67,825 shares of the real estate investment trust’s stock worth $4,583,000 after acquiring an additional 4,087 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Up 0.8%

Shares of NYSE WPC opened at $72.35 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02. The firm has a market cap of $15.86 billion, a PE ratio of 34.29, a P/E/G ratio of 4.93 and a beta of 0.78. The company’s fifty day simple moving average is $68.21 and its 200 day simple moving average is $67.40. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $74.72.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. The firm had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, sell-side analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 5.1%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. W.P. Carey’s payout ratio is 174.41%.

Wall Street Analysts Forecast Growth

WPC has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. Scotiabank lifted their target price on shares of W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Evercore set a $74.00 target price on shares of W.P. Carey in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their price target on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, W.P. Carey presently has an average rating of “Hold” and an average price target of $70.00.

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.