W.P. Carey Inc. $WPC Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its position in W.P. Carey Inc. (NYSE:WPC) by 61.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,730 shares of the real estate investment trust’s stock after purchasing an additional 66,300 shares during the period. Korea Investment CORP owned about 0.08% of W.P. Carey worth $11,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of W.P. Carey in the second quarter worth about $151,411,000. Captrust Financial Advisors boosted its position in W.P. Carey by 2,712.0% during the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after purchasing an additional 744,097 shares in the last quarter. Barclays PLC grew its holdings in W.P. Carey by 331.0% in the third quarter. Barclays PLC now owns 861,430 shares of the real estate investment trust’s stock valued at $58,207,000 after purchasing an additional 661,572 shares during the period. GRS Advisors LLC acquired a new stake in W.P. Carey in the second quarter valued at approximately $37,694,000. Finally, First Trust Advisors LP raised its stake in shares of 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 worth $45,939,000 after buying an additional 595,404 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WPC. JPMorgan Chase & Co. dropped their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Citigroup lifted their target price on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada boosted their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. UBS Group raised their price target on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Barclays set a $65.00 price objective on W.P. Carey in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.11.

W.P. Carey Stock Performance

NYSE WPC opened at $71.47 on Thursday. 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’s fifty day moving average is $70.40 and its two-hundred day moving average is $68.07. The firm has a market capitalization of $15.66 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 4.92 and a beta of 0.76. 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 posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 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 business had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. During the same quarter in the previous year, the firm earned $1.21 EPS. The company’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. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.92 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. W.P. Carey’s dividend payout ratio is currently 174.41%.

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.