Geneos Wealth Management Inc. Has $17.22 Million Position in W.P. Carey Inc. $WPC

Geneos Wealth Management Inc. lowered its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,504 shares of the real estate investment trust’s stock after selling 15,561 shares during the quarter. Geneos Wealth Management Inc.’s holdings in W.P. Carey were worth $17,217,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Carnegie Investment Counsel raised its position in shares of W.P. Carey by 9.4% during the third quarter. Carnegie Investment Counsel now owns 208,638 shares of the real estate investment trust’s stock worth $14,098,000 after purchasing an additional 17,843 shares during the period. Captrust Financial Advisors raised its position in shares of W.P. Carey by 9.1% during the third quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock worth $56,901,000 after purchasing an additional 70,572 shares during the period. HB Wealth Management LLC raised its position in shares of W.P. Carey by 89.9% during the third quarter. HB Wealth Management LLC now owns 20,946 shares of the real estate investment trust’s stock worth $1,415,000 after purchasing an additional 9,918 shares during the period. Tectonic Advisors LLC acquired a new stake in W.P. Carey in the 3rd quarter valued at approximately $11,016,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in W.P. Carey by 10.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock valued at $25,150,000 after buying an additional 36,205 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WPC shares. Raymond James Financial raised 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 report on Tuesday, March 17th. Barclays lifted their target price on W.P. Carey from $68.00 to $72.00 and gave the company an “underweight” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday, February 17th. Finally, UBS Group lifted their target price on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $72.30.

W.P. Carey Stock Up 1.2%

NYSE:WPC opened at $73.76 on Friday. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 4.79 and a beta of 0.78. W.P. Carey Inc. has a twelve month low of $59.34 and a twelve month high of $75.69. The stock’s 50 day moving average price is $71.53 and its two-hundred day moving average price is $68.72. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02.

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 the consensus estimate of $1.25 by $0.02. The firm had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities research analysts expect that W.P. Carey Inc. will post 5.02 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.93 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $3.72 annualized dividend and a dividend yield of 5.0%. W.P. Carey’s payout ratio is presently 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.