Jupiter Asset Management Ltd. Invests $41.64 Million in W.P. Carey Inc. $WPC

Jupiter Asset Management Ltd. acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 646,950 shares of the real estate investment trust’s stock, valued at approximately $41,638,000.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of W.P. Carey by 9.1% during the 3rd quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock worth $56,901,000 after acquiring an additional 70,572 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in W.P. Carey by 10.8% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock worth $25,150,000 after purchasing an additional 36,205 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in W.P. Carey by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock worth $214,315,000 after purchasing an additional 49,992 shares during the last quarter. APG Asset Management US Inc. grew its position in W.P. Carey by 12.8% in the third quarter. APG Asset Management US Inc. now owns 916,606 shares of the real estate investment trust’s stock valued at $62,760,000 after purchasing an additional 104,365 shares in the last quarter. Finally, Pensionfund PDN acquired a new stake in W.P. Carey in the 4th quarter valued at $2,851,000. 73.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore set a $74.00 target price on W.P. Carey in a report on Tuesday, February 17th. Citigroup raised their price target on W.P. Carey from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, UBS Group upped their price objective on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.20.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $74.25 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $71.98 and its two-hundred day moving average price is $69.83. The company has a market cap of $16.54 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77. W.P. Carey Inc. has a twelve month low of $61.09 and a twelve month high of $75.69.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.61 by $0.69. The company had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, analysts predict that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is 158.97%.

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.