Pensionfund PDN Buys New Position in W.P. Carey Inc. $WPC

Pensionfund PDN purchased a new stake in W.P. Carey Inc. (NYSE:WPC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,300 shares of the real estate investment trust’s stock, valued at approximately $2,851,000. W.P. Carey comprises 1.9% of Pensionfund PDN’s holdings, making the stock its 14th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in W.P. Carey in the 2nd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new position in W.P. Carey during the 3rd quarter valued at approximately $33,000. LGT Financial Advisors LLC purchased a new position in shares of W.P. Carey in the third quarter worth $34,000. Salem Investment Counselors Inc. raised its holdings in shares of W.P. Carey by 1,126.0% in the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 563 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of W.P. Carey by 1,450.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 620 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 580 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

NYSE WPC opened at $67.67 on Tuesday. The firm has a market capitalization of $14.83 billion, a P/E ratio of 32.07, a PEG ratio of 4.60 and a beta of 0.76. The stock has a 50-day simple moving average of $71.13 and a two-hundred day simple moving average of $68.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. W.P. Carey Inc. has a fifty-two week low of $54.24 and a fifty-two week high of $75.69.

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

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.93 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $3.72 annualized dividend and a yield of 5.5%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is currently 174.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WPC shares. Evercore set a $74.00 price objective on shares of W.P. Carey in a report on Tuesday, February 17th. Barclays raised their target price on W.P. Carey from $65.00 to $68.00 and gave the stock an “underweight” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. dropped their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. UBS Group increased their price objective on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Finally, Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, W.P. Carey has a consensus rating of “Hold” and an average target price of $71.90.

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.