Mitsubishi UFJ Asset Management Co. Ltd. Has $25.15 Million Holdings in W.P. Carey Inc. $WPC

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in W.P. Carey Inc. (NYSE:WPC) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,212 shares of the real estate investment trust’s stock after acquiring an additional 36,205 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of W.P. Carey worth $25,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WPC. Geode Capital Management LLC raised its position in W.P. Carey by 1.9% in 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 increased its stake in shares of W.P. Carey by 1.5% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. increased its stake in shares of W.P. Carey by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,769,189 shares of the real estate investment trust’s stock valued at $172,742,000 after buying an additional 106,879 shares during the period. Legal & General Group Plc raised its position in shares of 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 during the last quarter. Finally, Norges Bank acquired a new position in shares of W.P. Carey during the second quarter valued at $151,411,000. 73.73% of the stock is owned by institutional investors.

W.P. Carey Stock Up 0.5%

Shares of NYSE WPC opened at $74.63 on Monday. W.P. Carey Inc. has a 52-week low of $54.24 and a 52-week high of $75.69. 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 stock has a market cap of $16.36 billion, a P/E ratio of 35.37, a P/E/G ratio of 5.08 and a beta of 0.76. The firm has a 50 day moving average price of $69.09 and a 200 day moving average price of $67.68.

W.P. Carey (NYSE:WPC) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $433.28 million. During the same period last year, the firm posted $1.21 earnings per share. The business’s quarterly 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. 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 announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a yield of 4.9%. W.P. Carey’s payout ratio is presently 174.41%.

Analysts Set New Price Targets

A number of analysts recently commented on WPC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Royal Bank Of Canada raised 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 note on Thursday, February 12th. Citigroup boosted their price target on shares of W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Barclays set a $65.00 price objective on shares of W.P. Carey in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Two 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’s stock. Based on data from MarketBeat, W.P. Carey has a consensus rating of “Hold” and an average price target of $70.00.

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.