W.P. Carey Inc. $WPC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 0.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,625,541 shares of the real estate investment trust’s stock after selling 153,500 shares during the period. Vanguard Group Inc. owned approximately 0.14% of W.P. Carey worth $2,069,368,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in shares of W.P. Carey during the second quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new stake in W.P. Carey during the 2nd quarter valued at $30,000. Salem Investment Counselors Inc. increased its stake in W.P. Carey by 1,126.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 563 shares during the period. True Wealth Design LLC lifted its holdings in W.P. Carey by 74.4% in the 3rd quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 282 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in W.P. Carey in the 3rd quarter worth $52,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

WPC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on 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. Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their price objective on W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey has an average rating of “Hold” and an average price target of $70.00.

W.P. Carey Stock Up 0.5%

Shares of NYSE:WPC opened at $71.74 on Friday. The company’s fifty day moving average is $68.07 and its two-hundred day moving average is $67.33. 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 Inc. has a 1-year low of $54.24 and a 1-year high of $74.72. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 6.09 and a beta of 0.78.

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 analysts’ consensus estimates 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 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 quarter in the prior year, the firm earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s 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.