Thrivent Financial for Lutherans Boosts Stock Position in W.P. Carey Inc. $WPC

Thrivent Financial for Lutherans raised its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 61.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,500 shares of the real estate investment trust’s stock after acquiring an additional 35,642 shares during the period. Thrivent Financial for Lutherans’ holdings in W.P. Carey were worth $6,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPC. Laurel Wealth Advisors LLC purchased a new stake in W.P. Carey during the 4th quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new stake in W.P. Carey during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in W.P. Carey during the 2nd quarter valued at approximately $30,000. Wealth Watch Advisors INC purchased a new stake in W.P. Carey during the 3rd quarter valued at approximately $33,000. Finally, LGT Financial Advisors LLC purchased a new stake in W.P. Carey during the 3rd quarter valued at approximately $34,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Evercore set a $74.00 price objective on W.P. Carey in a research note on Tuesday, February 17th. Raymond James Financial raised 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. Scotiabank upped their price objective on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their price objective on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.20.

W.P. Carey Stock Performance

NYSE WPC opened at $74.87 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $71.69 and its two-hundred day moving average is $69.54. W.P. Carey Inc. has a 12-month low of $59.77 and a 12-month high of $75.69. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.22 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Research analysts expect that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is presently 158.97%.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares in the company, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

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.