Barclays PLC Increases Stock Holdings in W.P. Carey Inc. $WPC

Barclays PLC increased its position in shares of W.P. Carey Inc. (NYSE:WPC) by 331.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 861,430 shares of the real estate investment trust’s stock after purchasing an additional 661,572 shares during the period. Barclays PLC owned 0.39% of W.P. Carey worth $58,207,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of W.P. Carey during the 2nd quarter worth approximately $151,411,000. Captrust Financial Advisors grew 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 purchasing an additional 744,097 shares during the period. GRS Advisors LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter worth about $37,694,000. First Trust Advisors LP increased its position in shares of W.P. Carey by 422.2% during the 2nd quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock worth $45,939,000 after purchasing an additional 595,404 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in W.P. Carey by 165.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock valued at $51,809,000 after buying an additional 517,855 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WPC shares. JPMorgan Chase & Co. decreased their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Scotiabank upped their price objective on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Citigroup upped their price objective on shares of W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Evercore set a $74.00 price target on W.P. Carey in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.11.

W.P. Carey Price Performance

W.P. Carey stock opened at $72.38 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $70.12 and a 200-day simple moving average of $68.01. The stock has a market cap of $15.86 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 4.94 and a beta of 0.76. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $75.69.

W.P. Carey (NYSE:WPC) last posted 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. The company had revenue of $444.55 million for the quarter, compared to analysts’ expectations of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.W.P. Carey’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 annualized dividend and a yield of 5.1%. W.P. Carey’s dividend payout ratio (DPR) is presently 174.41%.

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.