Ontario Teachers Pension Plan Board Increases Holdings in W.P. Carey Inc. $WPC

Ontario Teachers Pension Plan Board grew its holdings in W.P. Carey Inc. (NYSE:WPC) by 23.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 122,544 shares of the real estate investment trust’s stock after acquiring an additional 23,225 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.06% of W.P. Carey worth $8,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPC. MTM Investment Management LLC purchased a new stake in shares of W.P. Carey during the 2nd quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in W.P. Carey during the 2nd quarter worth $30,000. Salem Investment Counselors Inc. lifted its position in W.P. Carey by 1,126.0% in the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 563 shares during the last quarter. True Wealth Design LLC boosted its stake in W.P. Carey by 74.4% in the third quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 282 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in shares of W.P. Carey during the third quarter worth about $52,000. 73.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Scotiabank boosted their price objective on W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Evercore set a $74.00 target price on shares of W.P. Carey in a research report on Tuesday. Royal Bank Of Canada lifted their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

W.P. Carey Stock Performance

Shares of WPC opened at $71.40 on Thursday. The stock has a market capitalization of $15.65 billion, a P/E ratio of 33.84, a P/E/G ratio of 6.33 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. W.P. Carey Inc. has a 1 year low of $54.24 and a 1 year high of $74.72. The company’s fifty day moving average is $67.94 and its two-hundred day moving average is $67.30.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. The business had revenue of $444.55 million for the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, sell-side analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.2%. W.P. Carey’s dividend payout ratio (DPR) is currently 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.