Cbre Investment Management Listed Real Assets LLC Decreases Stock Position in W.P. Carey Inc. $WPC

Cbre Investment Management Listed Real Assets LLC lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 86.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,747 shares of the real estate investment trust’s stock after selling 90,583 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in W.P. Carey were worth $996,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MTM Investment Management LLC bought a new stake in W.P. Carey in the second quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in shares of W.P. Carey in the second quarter worth approximately $30,000. Salem Investment Counselors Inc. grew its holdings in shares of 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. Clearstead Advisors LLC increased its stake in shares of W.P. Carey by 73.2% in the third quarter. Clearstead Advisors LLC now owns 646 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 273 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of 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 buying an additional 282 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Stock Performance

NYSE:WPC opened at $71.47 on Thursday. 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 firm’s fifty day simple moving average is $70.40 and its 200 day simple moving average is $68.07. The stock has a market cap of $15.66 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 4.92 and a beta of 0.76. W.P. Carey Inc. has a twelve month low of $54.24 and a twelve month high of $75.69.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, research analysts predict that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. 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 objective on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada increased their target price on shares of 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, UBS Group raised their target price on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.11.

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.