W.P. Carey Inc. $WPC Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 550,877 shares of the real estate investment trust’s stock after selling 43,979 shares during the period. California Public Employees Retirement System’s holdings in W.P. Carey were worth $37,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of W.P. Carey during the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey in the fourth quarter valued at approximately $26,000. Olistico Wealth LLC acquired a new position in W.P. Carey in the fourth quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new position in shares of W.P. Carey during the fourth quarter valued at approximately $29,000. Finally, Headlands Technologies LLC bought a new position in shares of W.P. Carey during the second quarter valued at approximately $30,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WPC has been the topic of several recent research reports. Wells Fargo & Company raised their price target on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays upped their price objective on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research report on Monday, June 8th. BMO Capital Markets cut their target price on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Finally, Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and raised their target price for the company from $73.00 to $83.00 in a research note on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.83.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $75.20 on Tuesday. The firm’s 50 day moving average is $73.44 and its two-hundred day moving average is $71.67. The firm has a market capitalization of $16.75 billion, a P/E ratio of 32.14, a PEG ratio of 2.93 and a beta of 0.76. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 52 week low of $61.67 and a 52 week high of $76.97.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data 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 business had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The business’s 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. Analysts anticipate that W.P. Carey Inc. will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

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

Insider Transactions at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.

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.