Captrust Financial Advisors Acquires 70,572 Shares of W.P. Carey Inc. $WPC

Captrust Financial Advisors raised its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 842,106 shares of the real estate investment trust’s stock after purchasing an additional 70,572 shares during the quarter. Captrust Financial Advisors owned 0.38% of W.P. Carey worth $56,901,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WPC. Carnegie Investment Counsel lifted its holdings in W.P. Carey by 9.4% during the 3rd quarter. Carnegie Investment Counsel now owns 208,638 shares of the real estate investment trust’s stock valued at $14,098,000 after buying an additional 17,843 shares in the last quarter. HB Wealth Management LLC grew its stake in W.P. Carey by 89.9% in the 3rd quarter. HB Wealth Management LLC now owns 20,946 shares of the real estate investment trust’s stock worth $1,415,000 after acquiring an additional 9,918 shares in the last quarter. Tectonic Advisors LLC bought a new position in W.P. Carey in the 3rd quarter worth about $11,016,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of W.P. Carey by 149.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 283,045 shares of the real estate investment trust’s stock worth $19,125,000 after acquiring an additional 169,755 shares during the period. Finally, TruWealth Advisors LLC increased its position in shares of W.P. Carey by 15.5% during the third quarter. TruWealth Advisors LLC now owns 293,304 shares of the real estate investment trust’s stock worth $19,819,000 after acquiring an additional 39,347 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Performance

Shares of W.P. Carey stock opened at $70.00 on Thursday. The company has a market capitalization of $15.34 billion, a PE ratio of 33.18, a P/E/G ratio of 4.88 and a beta of 0.76. The company has a 50-day simple moving average of $71.05 and a two-hundred day simple moving average of $68.24. W.P. Carey Inc. has a one year low of $54.24 and a one year high of $75.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The business had revenue of $444.55 million for the quarter, compared to analysts’ expectations of $433.28 million. During the same period last year, the business earned $1.21 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Research analysts expect that W.P. Carey Inc. will post 4.87 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, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a yield of 5.3%. W.P. Carey’s dividend payout ratio is currently 174.41%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Scotiabank boosted their price target on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. UBS Group raised their price objective on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Evercore set a $74.00 target price on 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 report on Wednesday, January 21st. Finally, 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 research report on Tuesday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.90.

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.