Andra AP fonden Decreases Stock Position in W.P. Carey Inc. $WPC

Andra AP fonden lessened its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 48.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,200 shares of the real estate investment trust’s stock after selling 77,500 shares during the period. Andra AP fonden’s holdings in W.P. Carey were worth $5,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WPC. Norges Bank purchased a new stake in shares of W.P. Carey in the second quarter worth about $151,411,000. Captrust Financial Advisors raised its holdings 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 worth $48,128,000 after acquiring an additional 744,097 shares in the last quarter. GRS Advisors LLC bought a new position in shares of W.P. Carey during the 2nd quarter valued at approximately $37,694,000. First Trust Advisors LP grew its holdings in shares of W.P. Carey by 422.2% in the second quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock valued at $45,939,000 after purchasing an additional 595,404 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in W.P. Carey by 165.6% in the second quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock worth $51,809,000 after purchasing an additional 517,855 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W.P. Carey Price Performance

WPC opened at $74.63 on Friday. The business has a fifty day moving average of $69.09 and a 200 day moving average of $67.67. W.P. Carey Inc. has a 52-week low of $54.24 and a 52-week high of $75.69. 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 stock has a market cap of $16.36 billion, a P/E ratio of 35.37, a PEG ratio of 5.08 and a beta of 0.78.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. The business had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company 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 anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.92 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 4.9%. W.P. Carey’s dividend payout ratio is presently 174.41%.

Wall Street Analyst Weigh In

Several equities analysts have commented on WPC shares. JPMorgan Chase & Co. lowered their price objective on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Evercore set a $74.00 target price on shares of W.P. Carey in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Barclays set a $65.00 price objective on W.P. Carey in a research note on Tuesday, January 13th. Finally, Citigroup raised their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.