W.P. Carey Inc. $WPC Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in W.P. Carey Inc. (NYSE:WPC) by 9.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,398,432 shares of the real estate investment trust’s stock after selling 148,550 shares during the period. UBS Group AG’s holdings in W.P. Carey were worth $90,003,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisors Capital Management LLC grew its holdings in W.P. Carey by 5.7% in the fourth quarter. Advisors Capital Management LLC now owns 966,856 shares of the real estate investment trust’s stock valued at $62,227,000 after purchasing an additional 51,887 shares during the period. Dupree Financial Group LLC grew its holdings in W.P. Carey by 2.4% in the fourth quarter. Dupree Financial Group LLC now owns 88,502 shares of the real estate investment trust’s stock valued at $5,696,000 after purchasing an additional 2,113 shares during the period. Teacher Retirement System of Texas grew its holdings in W.P. Carey by 208.8% in the fourth quarter. Teacher Retirement System of Texas now owns 88,609 shares of the real estate investment trust’s stock valued at $5,703,000 after purchasing an additional 59,916 shares during the period. KLP Kapitalforvaltning AS grew its holdings in W.P. Carey by 27.2% in the fourth quarter. KLP Kapitalforvaltning AS now owns 355,400 shares of the real estate investment trust’s stock valued at $23,151,000 after purchasing an additional 75,900 shares during the period. Finally, M&T Bank Corp grew its holdings in W.P. Carey by 722.8% in the fourth quarter. M&T Bank Corp now owns 85,827 shares of the real estate investment trust’s stock valued at $5,306,000 after purchasing an additional 75,396 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Price Performance

WPC opened at $72.61 on Friday. 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 Inc. has a 52-week low of $59.34 and a 52-week high of $75.69. The company has a 50 day moving average of $71.49 and a two-hundred day moving average of $68.91. The company has a market cap of $15.92 billion, a P/E ratio of 31.03, a P/E/G ratio of 4.77 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data 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. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. During the same period in the previous year, the firm earned $1.17 earnings per share. W.P. Carey’s revenue for the quarter was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, analysts expect that W.P. Carey Inc. will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.93 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, March 31st. W.P. Carey’s payout ratio is presently 158.97%.

Analyst Ratings Changes

WPC has been the subject of a number of recent analyst reports. Evercore set a $74.00 target price on shares of W.P. Carey in a report on Tuesday, February 17th. Raymond James Financial upgraded shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Tuesday, March 17th. Barclays boosted their target price on shares of W.P. Carey from $68.00 to $72.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. UBS Group boosted their target price on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Finally, Citigroup boosted their target price on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Three investment 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. According to MarketBeat.com, W.P. Carey currently has a consensus rating of “Hold” and an average price target of $72.40.

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.