W.P. Carey Inc. $WPC Stake Lowered by TD Asset Management Inc

TD Asset Management Inc cut its stake in W.P. Carey Inc. (NYSE:WPC) by 41.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,785 shares of the real estate investment trust’s stock after selling 17,308 shares during the period. TD Asset Management Inc’s holdings in W.P. Carey were worth $1,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPC. MTM Investment Management LLC bought a new stake in shares of W.P. Carey during the second quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in W.P. Carey during the 2nd quarter worth $30,000. Salem Investment Counselors Inc. increased its holdings in shares of W.P. Carey by 1,126.0% during the third quarter. Salem Investment Counselors Inc. now owns 613 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 563 shares during the period. Clearstead Advisors LLC increased its holdings in shares of W.P. Carey by 73.2% during the third quarter. Clearstead Advisors LLC now owns 646 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 273 shares during the period. Finally, True Wealth Design LLC lifted its holdings in W.P. Carey by 74.4% in the third quarter. True Wealth Design LLC now owns 661 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 282 shares during the period. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. Scotiabank lifted their price target on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. Evercore set a $74.00 target price on W.P. Carey in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and a consensus target price of $70.11.

W.P. Carey Stock Down 0.5%

WPC stock opened at $72.62 on Friday. W.P. Carey Inc. has a 12-month low of $54.24 and a 12-month high of $75.69. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 4.97 and a beta of 0.76. The company has a 50 day moving average of $69.81 and a two-hundred day moving average of $67.88.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $444.55 million for 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 revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, equities analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio (DPR) is presently 174.41%.

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.