Greenland Capital Management LP Acquires 96,783 Shares of W.P. Carey Inc. $WPC

Greenland Capital Management LP lifted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 115.2% during the 3rd quarter, Holdings Channel reports. The firm owned 180,815 shares of the real estate investment trust’s stock after purchasing an additional 96,783 shares during the period. W.P. Carey makes up 1.2% of Greenland Capital Management LP’s holdings, making the stock its 8th largest holding. Greenland Capital Management LP’s holdings in W.P. Carey were worth $11,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPC. Ethic Inc. increased its stake in W.P. Carey by 136.9% during the 2nd quarter. Ethic Inc. now owns 17,292 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 9,993 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in shares of W.P. Carey by 25.9% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 12,681 shares of the real estate investment trust’s stock worth $791,000 after purchasing an additional 2,612 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of W.P. Carey by 1.8% in the second quarter. Wealthfront Advisers LLC now owns 100,703 shares of the real estate investment trust’s stock worth $6,282,000 after purchasing an additional 1,809 shares during the period. Envestnet Asset Management Inc. raised its stake in W.P. Carey by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 616,284 shares of the real estate investment trust’s stock valued at $38,444,000 after purchasing an additional 9,857 shares in the last quarter. Finally, Brookwood Investment Group LLC lifted its position in W.P. Carey by 3.7% during the second quarter. Brookwood Investment Group LLC now owns 9,173 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 329 shares during the period. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPC has been the topic of several recent analyst reports. 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 report on Tuesday, December 9th. Barclays set a $65.00 price target on shares of W.P. Carey in a research report on Tuesday, January 13th. Royal Bank Of Canada upped their target price on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. Citigroup raised their target price on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.00.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $73.10 on Tuesday. W.P. Carey Inc. has a one year low of $54.24 and a one year high of $74.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 4.93 and a beta of 0.78. The firm has a 50 day simple moving average of $68.36 and a 200 day simple moving average of $67.45.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The firm had revenue of $444.55 million for the quarter, compared to analysts’ expectations 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 was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Research analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s payout ratio is currently 174.41%.

W.P. Carey Company 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.