W.P. Carey Inc. $WPC Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 33.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,820 shares of the real estate investment trust’s stock after purchasing an additional 12,888 shares during the period. Metis Global Partners LLC’s holdings in W.P. Carey were worth $3,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Austin Private Wealth LLC increased its stake in W.P. Carey by 2.1% during the 3rd quarter. Austin Private Wealth LLC now owns 7,654 shares of the real estate investment trust’s stock worth $517,000 after buying an additional 161 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of W.P. Carey by 2.6% during the third quarter. D.A. Davidson & CO. now owns 6,691 shares of the real estate investment trust’s stock worth $452,000 after purchasing an additional 169 shares in the last quarter. Kovack Advisors Inc. raised its stake in W.P. Carey by 3.3% in the 2nd quarter. Kovack Advisors Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 186 shares during the last quarter. Motco lifted its holdings in W.P. Carey by 6.3% in the 2nd quarter. Motco now owns 3,139 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 187 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in W.P. Carey by 22.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,034 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 193 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Up 1.5%

Shares of NYSE WPC opened at $74.17 on Friday. The company has a market capitalization of $16.26 billion, a P/E ratio of 35.15, a P/E/G ratio of 6.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.25. The company has a 50 day simple moving average of $67.47 and a 200-day simple moving average of $67.09. W.P. Carey Inc. has a 1 year low of $54.24 and a 1 year high of $74.29.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The company had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, equities research analysts predict that W.P. Carey Inc. will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is 174.41%.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of recent research reports. Scotiabank increased their target price on shares of W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Citigroup upped their price objective on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Barclays set a $65.00 price objective on shares of W.P. Carey in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their price target on W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.40.

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.