FNY Investment Advisers LLC Invests $506,000 in W.P. Carey Inc. $WPC

FNY Investment Advisers LLC acquired a new stake in W.P. Carey Inc. (NYSE:WPC) during the third quarter, Holdings Channel.com reports. The firm acquired 7,500 shares of the real estate investment trust’s stock, valued at approximately $506,000.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group increased their target price on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Royal Bank Of Canada lifted their price target on 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. Evercore set a $74.00 price target on W.P. Carey in a report on Tuesday, February 17th. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.90.

W.P. Carey Stock Down 0.9%

NYSE WPC opened at $69.38 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a 50-day simple moving average of $71.09 and a 200 day simple moving average of $68.25. W.P. Carey Inc. has a twelve month low of $54.24 and a twelve month high of $75.69. The stock has a market cap of $15.21 billion, a PE ratio of 32.88, a PEG ratio of 4.76 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $433.28 million. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly 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. On average, research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.93 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, March 31st. W.P. Carey’s dividend payout ratio (DPR) is presently 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.