Ocean Park Asset Management LLC Invests $701,000 in W.P. Carey Inc. $WPC

Ocean Park Asset Management LLC purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,309 shares of the real estate investment trust’s stock, valued at approximately $701,000.

Several other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in W.P. Carey in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new stake in W.P. Carey in the fourth quarter valued at approximately $26,000. Olistico Wealth LLC acquired a new stake in W.P. Carey in the fourth quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new stake in W.P. Carey in the fourth quarter worth approximately $29,000. Finally, Headlands Technologies LLC bought a new stake in W.P. Carey in the second quarter worth approximately $30,000. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Price Performance

NYSE WPC opened at $71.27 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $73.68 and a 200 day simple moving average of $70.62. The company has a market cap of $15.88 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.76 and a beta of 0.76. W.P. Carey Inc. has a 1 year low of $61.09 and a 1 year high of $76.97.

W.P. Carey (NYSE:WPC) last announced 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 firm had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts predict that W.P. Carey Inc. will post 5.04 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.94 dividend. The ex-dividend date is Tuesday, June 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.3%. W.P. Carey’s dividend payout ratio is presently 158.97%.

Analysts Set New Price Targets

Several brokerages have recently commented on WPC. 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. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a research note on Thursday. Barclays upped their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th. Royal Bank Of Canada increased their target price 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 Thursday, April 30th. Finally, Scotiabank cut their target price on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.83.

Insider Activity at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

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.