Mitsubishi UFJ Trust & Banking Corp Grows Stock Holdings in W.P. Carey Inc. $WPC

Mitsubishi UFJ Trust & Banking Corp boosted its stake in W.P. Carey Inc. (NYSE:WPC) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,943 shares of the real estate investment trust’s stock after purchasing an additional 17,898 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in W.P. Carey were worth $19,369,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in shares of W.P. Carey in the fourth quarter worth $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in W.P. Carey in the third quarter valued at about $33,000. LGT Financial Advisors LLC purchased a new position in W.P. Carey in the third quarter worth about $34,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at about $41,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore set a $74.00 target price on shares of W.P. Carey in a research report on Tuesday, February 17th. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Scotiabank upped their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.40.

W.P. Carey Price Performance

NYSE:WPC opened at $73.00 on Friday. The business’s 50-day simple moving average is $71.49 and its two-hundred day simple moving average is $68.90. W.P. Carey Inc. has a 52 week low of $59.34 and a 52 week high of $75.69. The stock has a market cap of $16.01 billion, a PE ratio of 31.20, a P/E/G ratio of 4.74 and a beta of 0.78. The company has a quick ratio of 0.14, a current ratio of 0.35 and a debt-to-equity ratio of 1.04.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, analysts forecast that W.P. Carey Inc. will post 5.02 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 5.1%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 31st. W.P. Carey’s payout ratio is presently 158.97%.

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.