Dimensional Fund Advisors LP Buys 49,992 Shares of W.P. Carey Inc. $WPC

Dimensional Fund Advisors LP raised its stake in W.P. Carey Inc. (NYSE:WPC) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,171,690 shares of the real estate investment trust’s stock after purchasing an additional 49,992 shares during the period. Dimensional Fund Advisors LP’s holdings in W.P. Carey were worth $214,315,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WPC. MTM Investment Management LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter worth about $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey in the 2nd quarter valued at about $30,000. Salem Investment Counselors Inc. grew its stake in W.P. Carey by 1,126.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 563 shares during the last quarter. Clearstead Advisors LLC raised its holdings in W.P. Carey by 73.2% in the 3rd quarter. Clearstead Advisors LLC now owns 646 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 273 shares during the period. Finally, True Wealth Design LLC raised its holdings in W.P. Carey by 74.4% in the 3rd quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 282 shares during the period. 73.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WPC shares. Royal Bank Of Canada boosted their price objective on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Barclays set a $65.00 target price on W.P. Carey in a research note on Tuesday, January 13th. Citigroup lifted their price target on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their price target on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Finally, Evercore set a $74.00 price objective on W.P. Carey in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.11.

W.P. Carey Stock Performance

Shares of NYSE:WPC opened at $72.70 on Friday. The company’s 50 day moving average price is $69.97 and its two-hundred day moving average price is $67.95. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $75.69. The firm has a market cap of $15.93 billion, a PE ratio of 34.46, a PEG ratio of 4.94 and a beta of 0.76. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The company had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 5.1%. W.P. Carey’s dividend payout ratio is 174.41%.

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.