W.P. Carey Inc. $WPC Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,942 shares of the real estate investment trust’s stock after selling 20,592 shares during the period. Illinois Municipal Retirement Fund’s holdings in W.P. Carey were worth $8,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new stake in W.P. Carey during the fourth quarter worth $26,000. Olistico Wealth LLC acquired a new stake in W.P. Carey during the fourth quarter valued at $28,000. Osbon Capital Management LLC acquired a new stake in W.P. Carey during the fourth quarter valued at $29,000. Finally, Headlands Technologies LLC purchased a new position in W.P. Carey in the second quarter valued at $30,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $73.00 to $83.00 in a research note on Tuesday, June 16th. BMO Capital Markets reduced their price target on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Finally, Royal Bank Of Canada increased their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.83.

W.P. Carey Stock Performance

Shares of NYSE:WPC opened at $75.87 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. W.P. Carey Inc. has a 1 year low of $61.19 and a 1 year high of $76.97. The firm has a market capitalization of $16.90 billion, a PE ratio of 32.42, a P/E/G ratio of 2.90 and a beta of 0.76. The business’s 50 day moving average price is $73.42 and its 200-day moving average price is $71.55.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, beating the consensus estimate of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities research analysts expect that W.P. Carey Inc. will post 5.06 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.0%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is currently 160.68%.

Insider Activity at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.98% of the stock is owned by company insiders.

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.