Pasadena Private Wealth LLC Invests $829,000 in W.P. Carey Inc. $WPC

Pasadena Private Wealth LLC purchased a new position in W.P. Carey Inc. (NYSE:WPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,885 shares of the real estate investment trust’s stock, valued at approximately $829,000.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its position in shares of W.P. Carey by 1.0% in the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after buying an additional 119,817 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of W.P. Carey by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock worth $307,913,000 after buying an additional 110,306 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of W.P. Carey by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock worth $271,150,000 after buying an additional 441,526 shares during the last quarter. Invesco Ltd. lifted its position in shares of W.P. Carey by 416.8% in the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after buying an additional 3,139,266 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of W.P. Carey by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust’s stock worth $214,315,000 after buying an additional 49,992 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WPC. Barclays raised their price target on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Evercore set a $74.00 price objective on shares of W.P. Carey in a report on Tuesday, February 17th. Citigroup increased their price objective on shares of W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada increased their price objective on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.20.

W.P. Carey Stock Down 0.1%

WPC stock opened at $74.25 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $75.69. The firm’s 50-day simple moving average is $71.98 and its 200 day simple moving average is $69.83. The stock has a market cap of $16.54 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The business had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, sell-side analysts predict that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 5.0%. 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 dividend payout ratio is 158.97%.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

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.