Swiss National Bank Sells 31,700 Shares of W.P. Carey Inc. $WPC

Swiss National Bank cut its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 631,151 shares of the real estate investment trust’s stock after selling 31,700 shares during the quarter. Swiss National Bank’s holdings in W.P. Carey were worth $42,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WPC. Geode Capital Management LLC increased its stake 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 period. Massachusetts Financial Services Co. MA boosted its stake in shares of W.P. Carey by 1.5% during 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 purchasing an additional 55,437 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of W.P. Carey by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock valued at $214,315,000 after purchasing an additional 49,992 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of W.P. Carey by 4.0% in 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 purchasing an additional 106,879 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of W.P. Carey by 5.0% in 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 purchasing an additional 120,498 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Trading Up 0.3%

Shares of NYSE WPC opened at $71.69 on Friday. W.P. Carey Inc. has a 1 year low of $54.24 and a 1 year high of $75.69. The stock has a market cap of $15.71 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 4.87 and a beta of 0.76. The firm has a 50-day moving average of $70.55 and a 200 day moving average of $68.10. 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 announced its quarterly earnings data 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 business had revenue of $444.55 million for the quarter, compared to analysts’ expectations of $433.28 million. During the same quarter in the prior year, the company earned $1.21 earnings per share. The business’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. As a group, sell-side analysts expect 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 given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is presently 174.41%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group upped 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. JPMorgan Chase & Co. cut 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 report on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. Finally, Citigroup raised their target price on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.11.

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.