18,182 Shares in W.P. Carey Inc. $WPC Bought by Sienna Gestion

Sienna Gestion purchased a new position in W.P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,182 shares of the real estate investment trust’s stock, valued at approximately $1,181,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its stake in W.P. Carey by 2.5% in the fourth quarter. Jacobi Capital Management LLC now owns 5,886 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 145 shares during the period. Gen Wealth Partners Inc grew its stake in W.P. Carey by 2.0% in the fourth quarter. Gen Wealth Partners Inc now owns 7,572 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 146 shares during the period. Turning Point Benefit Group Inc. grew its stake in W.P. Carey by 6.3% in the fourth quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 148 shares during the period. Brookwood Investment Group LLC grew its stake in W.P. Carey by 1.7% in the fourth quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 149 shares during the period. Finally, Fifth Third Bancorp grew its stake in W.P. Carey by 4.5% in the third quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 178 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Down 1.7%

WPC stock opened at $75.41 on Tuesday. 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 business’s 50-day moving average is $73.51 and its two-hundred day moving average is $70.47. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 3.28 and a beta of 0.76. W.P. Carey Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $76.97.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The business 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%.The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, analysts forecast that W.P. Carey Inc. will post 5.04 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.94 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a yield of 5.0%. W.P. Carey’s dividend payout ratio (DPR) is currently 158.97%.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction dated 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 $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Tuesday, March 17th. Wells Fargo & Company boosted their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Evercore set a $74.00 target price on W.P. Carey in a report on Tuesday, February 17th. Scotiabank upped their price target on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, Barclays upped their price target on W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, W.P. Carey has an average rating of “Hold” and a consensus target price of $76.90.

About W.P. Carey

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.