17,170 Shares in W.P. Carey Inc. $WPC Purchased by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,170 shares of the real estate investment trust’s stock, valued at approximately $1,167,000.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in W.P. Carey by 416.8% during the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after buying an additional 3,139,266 shares in the last quarter. Norges Bank purchased a new position in shares of W.P. Carey in the fourth quarter valued at approximately $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of W.P. Carey by 31,629.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock valued at $139,229,000 after acquiring an additional 2,156,467 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of W.P. Carey by 1,183.6% in the third quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after acquiring an additional 1,042,334 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of W.P. Carey by 2,712.0% in the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after acquiring an additional 744,097 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the sale, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WPC has been the subject of several recent research reports. BMO Capital Markets reduced their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. UBS Group set a $76.00 target price on shares of W.P. Carey in a research note on Thursday, June 18th. Bank of America raised shares of W.P. Carey from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $83.00 in a report on Tuesday, June 16th. Barclays increased their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Finally, Citigroup restated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. 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 stock. Based on data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and a consensus price target of $77.83.

W.P. Carey Price Performance

W.P. Carey stock opened at $75.20 on Tuesday. The company’s 50 day simple moving average is $73.44 and its 200-day simple moving average is $71.67. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. W.P. Carey Inc. has a 1 year low of $61.67 and a 1 year high of $76.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter last year, the company posted $1.17 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts expect that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.94 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 160.68%.

About W.P. Carey

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.