220,014 Shares in W.P. Carey Inc. $WPC Bought by BROOKFIELD Corp ON

BROOKFIELD Corp ON bought a new stake in W.P. Carey Inc. (NYSE:WPC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 220,014 shares of the real estate investment trust’s stock, valued at approximately $14,952,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WPC. Intelligence Driven Advisers LLC acquired a new position in shares of W.P. Carey during the 1st quarter worth about $204,000. Gateway Wealth Partners LLC acquired a new position in W.P. Carey in the first quarter valued at approximately $1,745,000. OMERS ADMINISTRATION Corp boosted its holdings in W.P. Carey by 28.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 10,076 shares of the real estate investment trust’s stock valued at $685,000 after purchasing an additional 2,240 shares in the last quarter. Entropy Technologies LP increased its stake in W.P. Carey by 67.4% in the first quarter. Entropy Technologies LP now owns 25,031 shares of the real estate investment trust’s stock valued at $1,701,000 after purchasing an additional 10,079 shares during the last quarter. Finally, Modern Wealth Management LLC raised its holdings in W.P. Carey by 3.1% during the first quarter. Modern Wealth Management LLC now owns 13,991 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 426 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Performance

NYSE WPC opened at $76.73 on Monday. The company has a quick ratio of 0.35, 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 $63.08 and a 52-week high of $76.97. The business’s 50-day moving average price is $73.59 and its 200 day moving average price is $71.98. The firm has a market cap of $17.09 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.96 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating the consensus estimate of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. During the same period in the prior year, the business earned $1.17 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities research analysts expect that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, June 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is currently 160.68%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WPC shares. UBS Group set a $76.00 target price on shares of W.P. Carey in a report on Thursday, June 18th. Wolfe Research raised shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Monday, June 8th. Barclays raised their price objective on W.P. Carey from $78.00 to $80.00 and gave the stock an “underweight” rating in a report on Wednesday. Royal Bank Of Canada lifted their target price on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets reduced their target price on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.00.

Insider Buying and Selling

In other news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

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.