Oak Thistle LLC Invests $2.92 Million in W.P. Carey Inc. $WPC

Oak Thistle LLC acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,404 shares of the real estate investment trust’s stock, valued at approximately $2,922,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPC. XTX Topco Ltd bought a new position in W.P. Carey during the 2nd quarter valued at about $230,000. CW Advisors LLC lifted its holdings in W.P. Carey by 2.2% during the 2nd quarter. CW Advisors LLC now owns 9,144 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 201 shares during the last quarter. Invesco Ltd. lifted its holdings in W.P. Carey by 1.6% during the 2nd quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock valued at $46,984,000 after purchasing an additional 11,635 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in W.P. Carey by 1.2% during the 2nd quarter. Guggenheim Capital LLC now owns 23,092 shares of the real estate investment trust’s stock valued at $1,440,000 after purchasing an additional 275 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in W.P. Carey by 422.2% during the 2nd quarter. First Trust Advisors LP now owns 736,437 shares of the real estate investment trust’s stock valued at $45,939,000 after purchasing an additional 595,404 shares during the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Trading Up 1.3%

Shares of NYSE WPC opened at $70.84 on Wednesday. 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 $15.53 billion, a PE ratio of 33.57, a P/E/G ratio of 4.74 and a beta of 0.78. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $71.07 and a two-hundred day moving average of $68.35.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The company had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue 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. As a group, equities analysts expect that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.93 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. W.P. Carey’s payout ratio is presently 176.30%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WPC. Citigroup lifted their price target on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. UBS Group lifted their price target on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Scotiabank lifted their price target on shares of W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Barclays lifted their price target 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. Finally, Royal Bank Of Canada lifted their price target 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.90.

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.