Teacher Retirement System of Texas Boosts Stock Position in W.P. Carey Inc. $WPC

Teacher Retirement System of Texas increased its stake in W.P. Carey Inc. (NYSE:WPC) by 208.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,609 shares of the real estate investment trust’s stock after buying an additional 59,916 shares during the quarter. Teacher Retirement System of Texas’ holdings in W.P. Carey were worth $5,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brookwood Investment Group LLC grew its stake in shares of W.P. Carey by 1.7% in the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 149 shares during the last quarter. Austin Private Wealth LLC grew its stake in shares of W.P. Carey by 2.1% in the 3rd quarter. Austin Private Wealth LLC now owns 7,654 shares of the real estate investment trust’s stock worth $517,000 after buying an additional 161 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of W.P. Carey by 2.6% in the 3rd quarter. D.A. Davidson & CO. now owns 6,691 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 169 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of W.P. Carey by 4.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 178 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of W.P. Carey by 2.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,829 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Tuesday, March 17th. Scotiabank increased their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. UBS Group increased their target price on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Barclays increased their target price on W.P. Carey from $68.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Finally, Citigroup increased their target price on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.30.

W.P. Carey Stock Performance

Shares of WPC opened at $73.21 on Monday. The business’s fifty day simple moving average is $71.52 and its two-hundred day simple moving average is $68.77. 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 Inc. has a 12 month low of $59.34 and a 12 month high of $75.69. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 4.81 and a beta of 0.78.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, beating the consensus estimate of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business had revenue of $444.55 million for the quarter, compared to the consensus estimate of $433.28 million. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Research analysts anticipate that W.P. Carey Inc. will post 5.02 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 Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is currently 176.30%.

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.