APG Asset Management US Inc. Buys 104,365 Shares of W.P. Carey Inc. $WPC

APG Asset Management US Inc. raised its stake in W.P. Carey Inc. (NYSE:WPC) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 916,606 shares of the real estate investment trust’s stock after purchasing an additional 104,365 shares during the period. W.P. Carey makes up approximately 0.5% of APG Asset Management US Inc.’s holdings, making the stock its 24th biggest position. APG Asset Management US Inc. owned 0.42% of W.P. Carey worth $62,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Austin Private Wealth LLC raised its position in shares of W.P. Carey by 2.1% during the third quarter. Austin Private Wealth LLC now owns 7,654 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 161 shares during the last quarter. D.A. Davidson & CO. increased its stake in W.P. Carey by 2.6% during the third quarter. D.A. Davidson & CO. now owns 6,691 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 169 shares during the period. Fifth Third Bancorp raised its holdings in W.P. Carey by 4.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 178 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of W.P. Carey by 3.3% in the 2nd quarter. Kovack Advisors Inc. now owns 5,779 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 186 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of W.P. Carey by 22.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,034 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WPC shares. Barclays set a $65.00 target price on W.P. Carey in a research note on Tuesday, January 13th. JPMorgan Chase & Co. dropped 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 note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Scotiabank upped their target price on shares of W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada increased their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.00.

W.P. Carey Stock Up 0.5%

WPC opened at $74.63 on Friday. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 5.08 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. The firm’s 50-day simple moving average is $69.09 and its 200-day simple moving average is $67.67. W.P. Carey Inc. has a twelve month low of $54.24 and a twelve month high of $75.69.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.92 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 4.9%. W.P. Carey’s dividend payout ratio is currently 174.41%.

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.