FJ Capital Management LLC Sells 11,164 Shares of W.P. Carey Inc. $WPC

FJ Capital Management LLC decreased its position in W.P. Carey Inc. (NYSE:WPC) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,091 shares of the real estate investment trust’s stock after selling 11,164 shares during the quarter. FJ Capital Management LLC’s holdings in W.P. Carey were worth $456,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of W.P. Carey by 1.0% in the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after buying an additional 119,817 shares during the last quarter. Geode Capital Management LLC lifted its holdings in W.P. Carey by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock valued at $307,913,000 after purchasing an additional 110,306 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of W.P. Carey by 11.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock worth $271,150,000 after buying an additional 441,526 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of W.P. Carey by 416.8% in the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after buying an additional 3,139,266 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of W.P. Carey by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,192,275 shares of the real estate investment trust’s stock worth $205,462,000 after buying an additional 20,585 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Barclays upped their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Scotiabank upped their price objective on shares of W.P. Carey from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Finally, UBS Group increased 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 report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.90.

Insider Activity

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

W.P. Carey Stock Up 1.5%

Shares of W.P. Carey stock opened at $76.73 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $76.97. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 3.28 and a beta of 0.76. The company’s 50 day moving average price is $73.40 and its 200-day moving average price is $70.39.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.69. The business had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities research analysts forecast that W.P. Carey Inc. will post 5.04 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.76 annualized dividend and a dividend yield of 4.9%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is presently 158.97%.

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.