Pictet Asset Management Holding SA Decreases Holdings in W.P. Carey Inc. $WPC

Pictet Asset Management Holding SA decreased its holdings in W.P. Carey Inc. (NYSE:WPC) by 19.7% in the first quarter, Holdings Channel reports. The fund owned 229,879 shares of the real estate investment trust’s stock after selling 56,454 shares during the quarter. Pictet Asset Management Holding SA’s holdings in W.P. Carey were worth $15,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPC. State Street Corp increased its stake in W.P. Carey by 1.0% during the third quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after acquiring an additional 119,817 shares during the last quarter. Geode Capital Management LLC raised its position 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 period. Massachusetts Financial Services Co. MA lifted its stake in shares of W.P. Carey by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock valued at $271,150,000 after purchasing an additional 441,526 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of W.P. Carey by 0.3% in the 4th quarter. Invesco Ltd. now owns 3,904,767 shares of the real estate investment trust’s stock worth $251,311,000 after purchasing an additional 12,305 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of W.P. Carey by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,192,275 shares of the real estate investment trust’s stock worth $205,462,000 after purchasing an additional 20,585 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WPC. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BMO Capital Markets dropped their price objective on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company boosted their price objective on shares of W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Tuesday, March 17th. Finally, Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.83.

W.P. Carey Trading Up 0.6%

Shares of NYSE WPC opened at $71.25 on Friday. W.P. Carey Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $76.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.74 and a beta of 0.76. The business’s 50 day moving average price is $73.65 and its 200-day moving average price is $71.02.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. The company 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%.W.P. Carey’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts expect that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.94 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. W.P. Carey’s payout ratio is presently 160.68%.

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.