W.P. Carey Inc. $WPC Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,027 shares of the real estate investment trust’s stock after selling 26,138 shares during the period. New York State Teachers Retirement System’s holdings in W.P. Carey were worth $10,332,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in W.P. Carey by 416.8% in the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after buying an additional 3,139,266 shares during the last quarter. Norges Bank bought a new position in W.P. Carey during the 4th quarter worth approximately $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in W.P. Carey by 31,629.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock worth $139,229,000 after buying an additional 2,156,467 shares during the last quarter. Wellington Management Group LLP grew its position in shares of W.P. Carey by 1,183.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after acquiring an additional 1,042,334 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of W.P. Carey by 2,712.0% in the 2nd quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after acquiring an additional 744,097 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Price Performance

Shares of WPC opened at $71.25 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $15.87 billion, a P/E ratio of 30.45, a PEG ratio of 2.76 and a beta of 0.76. W.P. Carey Inc. has a 12 month low of $61.09 and a 12 month high of $76.97. The stock has a fifty day moving average price of $73.62 and a 200 day moving average price of $71.06.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The business had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The company’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. On average, research analysts forecast that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.94 dividend. The ex-dividend date is Tuesday, June 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a dividend yield of 5.3%. W.P. Carey’s dividend payout ratio (DPR) is 160.68%.

Analyst Ratings Changes

WPC has been the subject of a number of research analyst reports. UBS Group set a $76.00 price target on W.P. Carey in a report on Thursday, June 18th. BMO Capital Markets decreased their price objective on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Barclays increased their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th. Finally, Bank of America upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $83.00 in a research report on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.83.

Insider Activity at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of W.P. Carey 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 sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing 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.