Skandinaviska Enskilda Banken AB publ Sells 189,398 Shares of W.P. Carey Inc. $WPC

Skandinaviska Enskilda Banken AB publ trimmed its stake in W.P. Carey Inc. (NYSE:WPC) by 71.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,475 shares of the real estate investment trust’s stock after selling 189,398 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in W.P. Carey were worth $5,032,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in W.P. Carey by 16.8% during the second quarter. Stratos Wealth Partners LTD. now owns 13,441 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 1,938 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of W.P. Carey by 17.9% in the 2nd quarter. International Assets Investment Management LLC now owns 6,666 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 1,012 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of W.P. Carey by 7.7% during the second quarter. Chicago Partners Investment Group LLC now owns 3,737 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 268 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of W.P. Carey by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 143,926 shares of the real estate investment trust’s stock valued at $9,076,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of W.P. Carey by 33.6% in the 2nd quarter. Whittier Trust Co. now owns 1,470 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

WPC opened at $71.86 on Friday. The company has a fifty day moving average price of $68.07 and a two-hundred day moving average price of $67.33. The firm has a market capitalization of $15.75 billion, a PE ratio of 34.06, a P/E/G ratio of 6.09 and a beta of 0.78. W.P. Carey Inc. has a 52 week low of $54.24 and a 52 week high of $74.72. 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 (NYSE:WPC) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. The business had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.92 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. W.P. Carey’s dividend payout ratio (DPR) is currently 174.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WPC. Scotiabank raised their price target on W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Evercore set a $74.00 price target on W.P. Carey in a report on Tuesday. Barclays set a $65.00 price target on shares of W.P. Carey in a research report on Tuesday, January 13th. Royal Bank Of Canada boosted their target price on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.00.

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.