Ontario Teachers Pension Plan Board Increases Position in W.P. Carey Inc. $WPC

Ontario Teachers Pension Plan Board lifted its stake in W.P. Carey Inc. (NYSE:WPC) by 23.4% in the 3rd quarter, Holdings Channel reports. The firm owned 122,544 shares of the real estate investment trust’s stock after purchasing an additional 23,225 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in W.P. Carey were worth $8,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its position in shares of W.P. Carey by 16.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,441 shares of the real estate investment trust’s stock valued at $838,000 after acquiring an additional 1,938 shares during the period. International Assets Investment Management LLC increased its stake in W.P. Carey by 17.9% in the 2nd quarter. International Assets Investment Management LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 1,012 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in W.P. Carey by 7.7% during the second quarter. Chicago Partners Investment Group LLC now owns 3,737 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 268 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in W.P. Carey by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 143,926 shares of the real estate investment trust’s stock worth $9,076,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in W.P. Carey by 33.6% in the second quarter. Whittier Trust Co. now owns 1,470 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 370 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Price Performance

NYSE:WPC opened at $71.40 on Thursday. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $74.72. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 6.33 and a beta of 0.78. The company’s 50-day moving average is $67.94 and its two-hundred day moving average is $67.30. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data 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 business had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Research analysts expect that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is currently 174.41%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WPC. Royal Bank Of Canada lifted their price target on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Citigroup upped their price target on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research note on Tuesday. Finally, Scotiabank lifted their price objective on W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.00.

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.