Advisors Capital Management LLC Buys 38,981 Shares of W.P. Carey Inc. $WPC

Advisors Capital Management LLC increased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 914,969 shares of the real estate investment trust’s stock after acquiring an additional 38,981 shares during the period. Advisors Capital Management LLC’s holdings in W.P. Carey were worth $61,825,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WPC. Geode Capital Management LLC increased its position in shares of W.P. Carey by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,606,018 shares of the real estate investment trust’s stock worth $286,581,000 after purchasing an additional 87,150 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of W.P. Carey by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,771,487 shares of the real estate investment trust’s stock valued at $254,839,000 after buying an additional 55,437 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in W.P. Carey by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,769,189 shares of the real estate investment trust’s stock worth $172,742,000 after buying an additional 106,879 shares during the last quarter. Legal & General Group Plc raised 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 worth $159,147,000 after acquiring an additional 120,498 shares in the last quarter. Finally, Norges Bank acquired a new stake in W.P. Carey in the second quarter valued at $151,411,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Price Performance

W.P. Carey stock opened at $74.16 on Wednesday. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 6.33 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. W.P. Carey Inc. has a 12 month low of $54.24 and a 12 month high of $74.72. The stock’s 50 day moving average is $67.83 and its 200-day moving average is $67.27.

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 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 business had revenue of $444.55 million during the quarter, compared to analysts’ expectations of $433.28 million. During the same period last year, the firm posted $1.21 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 5.0%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, December 31st. W.P. Carey’s dividend payout ratio is currently 174.41%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. Scotiabank lifted their price target on W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Citigroup raised their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Evercore set a $74.00 price target on W.P. Carey in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.00.

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.