J. Safra Sarasin Holding AG Buys Shares of 11,324 W.P. Carey Inc. $WPC

J. Safra Sarasin Holding AG purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,324 shares of the real estate investment trust’s stock, valued at approximately $770,000.

Other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of W.P. Carey by 22.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 153,462 shares of the real estate investment trust’s stock valued at $10,429,000 after acquiring an additional 27,734 shares during the last quarter. Captrust Financial Advisors lifted its holdings in W.P. Carey by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock worth $56,901,000 after purchasing an additional 70,572 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in W.P. Carey during the fourth quarter worth approximately $41,638,000. Swedbank AB grew its holdings in W.P. Carey by 124.2% during the fourth quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock valued at $8,743,000 after purchasing an additional 75,253 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in W.P. Carey by 372.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock valued at $3,002,000 after purchasing an additional 36,779 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

NYSE WPC opened at $72.10 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.78 and a beta of 0.76. The company’s fifty day moving average is $73.36 and its two-hundred day moving average is $71.45. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $76.97.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’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. Equities research analysts forecast that W.P. Carey Inc. will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.94 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 annualized dividend and a yield of 5.2%. W.P. Carey’s payout ratio is currently 160.68%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup restated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Wells Fargo & Company lifted their target price on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays boosted their target price 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. Finally, Scotiabank lowered their price target on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.83.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 13,882 shares in the company, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.

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.