NEOS Investment Management LLC Acquires 10,723 Shares of W.P. Carey Inc. $WPC

NEOS Investment Management LLC increased its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 102.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,158 shares of the real estate investment trust’s stock after purchasing an additional 10,723 shares during the quarter. NEOS Investment Management LLC’s holdings in W.P. Carey were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WPC. MTM Investment Management LLC bought a new stake in shares of W.P. Carey in the second quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter valued at about $30,000. Salem Investment Counselors Inc. boosted its position in W.P. Carey by 1,126.0% in the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 563 shares during the last quarter. True Wealth Design LLC grew its stake in shares of W.P. Carey by 74.4% during the 3rd quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 282 shares during the period. Finally, Quent Capital LLC purchased a new stake in shares of W.P. Carey during the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the subject of several recent research reports. Barclays set a $65.00 target price on shares of W.P. Carey in a research report on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Scotiabank boosted their price objective on shares of W.P. Carey from $67.00 to $72.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada raised their target price on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Finally, Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, W.P. Carey currently has a consensus rating of “Hold” and a consensus price target of $70.00.

W.P. Carey Stock Performance

WPC opened at $72.35 on Friday. The company has a 50 day simple moving average of $68.21 and a two-hundred day simple moving average of $67.37. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market cap of $15.86 billion, a P/E ratio of 34.29, a PEG ratio of 4.89 and a beta of 0.78. W.P. Carey Inc. has a 1-year low of $54.24 and a 1-year high of $74.72.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. The company had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. W.P. Carey’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities analysts forecast that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. W.P. Carey’s payout ratio is presently 174.41%.

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.