W.P. Carey Inc. $WPC Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lessened its position in W.P. Carey Inc. (NYSE:WPC) by 20.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,000 shares of the real estate investment trust’s stock after selling 55,000 shares during the period. Lighthouse Investment Partners LLC owned approximately 0.10% of W.P. Carey worth $14,190,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Austin Private Wealth LLC grew its position in W.P. Carey by 2.1% in the 3rd quarter. Austin Private Wealth LLC now owns 7,654 shares of the real estate investment trust’s stock worth $517,000 after purchasing an additional 161 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of W.P. Carey by 2.6% during the third quarter. D.A. Davidson & CO. now owns 6,691 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 169 shares during the period. Fifth Third Bancorp boosted its position in shares of W.P. Carey by 4.5% during the third quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 178 shares during the period. AE Wealth Management LLC grew its holdings in W.P. Carey by 1.9% in the 3rd quarter. AE Wealth Management LLC now owns 10,549 shares of the real estate investment trust’s stock worth $713,000 after buying an additional 200 shares in the last quarter. Finally, CW Advisors LLC grew its holdings in W.P. Carey by 2.2% in the 2nd quarter. CW Advisors LLC now owns 9,144 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 201 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Stock Performance

Shares of NYSE WPC opened at $71.45 on Monday. W.P. Carey Inc. has a 1 year low of $54.24 and a 1 year high of $75.69. The firm has a market cap of $15.66 billion, a P/E ratio of 33.86, a PEG ratio of 4.87 and a beta of 0.76. The stock has a fifty day moving average price of $70.68 and a two-hundred day moving average price of $68.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $444.55 million for the quarter, compared to the consensus estimate of $433.28 million. During the same quarter in the previous year, the business 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. Research analysts forecast that W.P. Carey Inc. will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio is currently 174.41%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WPC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, January 21st. UBS Group increased their price target on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research note on Tuesday, February 17th. Scotiabank upped their price objective on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, Barclays increased their target price on shares of W.P. Carey from $65.00 to $68.00 and gave the company an “underweight” rating in a research report on Friday. Two research 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, W.P. Carey currently has a consensus rating of “Hold” and a consensus price target of $71.44.

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.