W.P. Carey Inc. $WPC Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its holdings in W.P. Carey Inc. (NYSE:WPC) by 41.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,785 shares of the real estate investment trust’s stock after selling 17,308 shares during the period. TD Asset Management Inc’s holdings in W.P. Carey were worth $1,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MTM Investment Management LLC acquired a new stake in shares of W.P. Carey in the second quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in shares of W.P. Carey in the 2nd quarter valued at $30,000. Salem Investment Counselors Inc. grew its stake in shares of 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 valued at $42,000 after buying an additional 563 shares during the period. Clearstead Advisors LLC increased its holdings in shares of W.P. Carey by 73.2% during the 3rd quarter. Clearstead Advisors LLC now owns 646 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 273 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of 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 during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

W.P. Carey stock opened at $72.62 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $75.69. The firm’s fifty day moving average price is $69.81 and its 200 day moving average price is $67.88. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 4.97 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last issued 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. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. During the same quarter last year, the firm earned $1.21 EPS. W.P. Carey’s quarterly revenue was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

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

Analysts Set New Price Targets

WPC has been the subject of several research analyst reports. Citigroup upped their price target on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada increased their target price 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. Barclays set a $65.00 price target on shares of W.P. Carey in a research report on Tuesday, January 13th. Scotiabank increased 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 research report on Monday. Finally, Evercore set a $74.00 target price on shares of W.P. Carey in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, W.P. Carey presently has an average rating of “Hold” and a consensus target price of $70.11.

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.