Diversify Wealth Management LLC Makes New Investment in W.P. Carey Inc. $WPC

Diversify Wealth Management LLC purchased a new stake in W.P. Carey Inc. (NYSE:WPC) during the 1st quarter, Holdings Channel reports. The firm purchased 20,611 shares of the real estate investment trust’s stock, valued at approximately $1,484,000.

A number of other hedge funds also recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of W.P. Carey by 1.6% during the second quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock worth $46,984,000 after buying an additional 11,635 shares during the period. Cary Street Partners Financial LLC acquired a new stake in W.P. Carey in the 2nd quarter valued at approximately $115,000. Bank of Nova Scotia increased its position in W.P. Carey by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 555 shares during the period. Qube Research & Technologies Ltd bought a new stake in W.P. Carey during the 2nd quarter valued at $3,494,000. Finally, Sei Investments Co. raised its stake in W.P. Carey by 73.0% during the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock valued at $6,050,000 after acquiring an additional 40,908 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by corporate insiders.

W.P. Carey Price Performance

NYSE WPC opened at $71.92 on Wednesday. W.P. Carey Inc. has a 12 month low of $61.09 and a 12 month high of $76.97. The firm has a market capitalization of $16.02 billion, a PE ratio of 30.73, a P/E/G ratio of 2.80 and a beta of 0.76. The company’s 50 day simple moving average is $73.40 and its 200 day simple moving average is $71.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. During the same period last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities research analysts forecast that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.94 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 160.68%.

Analyst Ratings Changes

A number of brokerages have issued reports on WPC. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. BMO Capital Markets lowered their price target on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Barclays lifted their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research note on Tuesday, May 19th. Scotiabank reduced their price objective on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.83.

W.P. Carey 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.