Sumitomo Mitsui Trust Group Inc. Has $43.23 Million Stock Position in W.P. Carey Inc. $WPC

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 636,131 shares of the real estate investment trust’s stock after selling 30,793 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in W.P. Carey were worth $43,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of W.P. Carey during the fourth quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of W.P. Carey during the fourth quarter worth approximately $28,000. Osbon Capital Management LLC purchased a new position in W.P. Carey during the fourth quarter valued at approximately $29,000. Finally, Headlands Technologies LLC acquired a new position in W.P. Carey in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

WPC has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Bank of America upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $73.00 to $83.00 in a report on Tuesday, June 16th. Royal Bank Of Canada upped 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 report on Thursday, April 30th. BMO Capital Markets lowered their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Barclays raised their target price on W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a report on Tuesday, May 19th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.83.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $71.61 on Monday. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.77 and a beta of 0.76. The business has a 50 day moving average price of $73.43 and a 200 day moving average price of $71.28. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a twelve month low of $61.09 and a twelve month high of $76.97.

W.P. Carey (NYSE:WPC) last issued its quarterly 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. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same period in the previous year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Research analysts predict that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Tuesday, June 30th. W.P. Carey’s payout ratio is presently 160.68%.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by insiders.

W.P. Carey 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.