Pensionfund Sabic Makes New Investment in W.P. Carey Inc. $WPC

Pensionfund Sabic acquired a new stake in W.P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,804 shares of the real estate investment trust’s stock, valued at approximately $2,754,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Carnegie Investment Counsel raised its stake in W.P. Carey by 9.4% during the 3rd quarter. Carnegie Investment Counsel now owns 208,638 shares of the real estate investment trust’s stock valued at $14,098,000 after acquiring an additional 17,843 shares during the last quarter. HB Wealth Management LLC lifted its position in W.P. Carey by 89.9% during the 3rd quarter. HB Wealth Management LLC now owns 20,946 shares of the real estate investment trust’s stock worth $1,415,000 after acquiring an additional 9,918 shares during the period. Captrust Financial Advisors grew its stake in shares of W.P. Carey by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock valued at $56,901,000 after purchasing an additional 70,572 shares during the last quarter. Tectonic Advisors LLC purchased a new position in shares of W.P. Carey in the 3rd quarter valued at approximately $11,016,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of W.P. Carey by 149.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 283,045 shares of the real estate investment trust’s stock valued at $19,125,000 after purchasing an additional 169,755 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WPC has been the subject of several analyst reports. Scotiabank upped their price target on 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. Royal Bank Of Canada lifted their price objective 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. Evercore set a $74.00 price objective on shares of W.P. Carey in a research note on Tuesday, February 17th. UBS Group upped their price objective on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Barclays lifted their target price on shares of W.P. Carey from $65.00 to $68.00 and gave the company an “underweight” rating in a report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.90.

W.P. Carey Stock Down 0.4%

W.P. Carey stock opened at $67.33 on Wednesday. The stock’s 50 day moving average price is $71.14 and its 200 day moving average price is $68.28. W.P. Carey Inc. has a 1-year low of $54.24 and a 1-year high of $75.69. The company has a market cap of $14.76 billion, a PE ratio of 31.91, 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 current ratio of 0.14 and a quick ratio of 0.14.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $444.55 million during the quarter, compared to analysts’ expectations of $433.28 million. During the same quarter in the prior year, the business posted $1.21 earnings per share. W.P. Carey’s revenue was up 9.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.93 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is 174.41%.

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.