Inspirion Wealth Advisors LLC Reduces Stock Position in W.P. Carey Inc. $WPC

Inspirion Wealth Advisors LLC lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 31.7% in the fourth quarter, HoldingsChannel reports. The firm owned 23,341 shares of the real estate investment trust’s stock after selling 10,838 shares during the period. Inspirion Wealth Advisors LLC’s holdings in W.P. Carey were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WPC. Rockefeller Capital Management L.P. lifted its holdings in shares of W.P. Carey by 56.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 30,382 shares of the real estate investment trust’s stock valued at $1,895,000 after buying an additional 10,944 shares during the period. Swiss National Bank grew its holdings in shares of W.P. Carey by 7.4% in the second quarter. Swiss National Bank now owns 662,851 shares of the real estate investment trust’s stock worth $41,349,000 after acquiring an additional 45,600 shares during the period. MAI Capital Management grew its holdings in shares of W.P. Carey by 6.2% in the second quarter. MAI Capital Management now owns 9,784 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 575 shares during the period. Legal & General Group Plc increased its position in W.P. Carey by 5.0% during the second quarter. Legal & General Group Plc now owns 2,551,251 shares of the real estate investment trust’s stock valued at $159,147,000 after acquiring an additional 120,498 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in W.P. Carey by 22.4% during the second quarter. Franklin Resources Inc. now owns 303,660 shares of the real estate investment trust’s stock valued at $18,942,000 after acquiring an additional 55,518 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Price Performance

NYSE WPC opened at $67.50 on Monday. The company has a market capitalization of $14.79 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. The business’s fifty day moving average is $71.11 and its 200 day moving average is $68.28. W.P. Carey Inc. has a fifty-two week low of $54.24 and a fifty-two week high of $75.69.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. W.P. Carey’s revenue for the quarter was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.72 annualized dividend and a yield of 5.5%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is currently 174.41%.

Analyst Ratings Changes

Several research analysts have issued reports on WPC shares. Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday, February 17th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Tuesday, March 17th. Scotiabank increased 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 research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted 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 research report on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey has a consensus rating of “Hold” and an average target price of $71.90.

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.