Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in W.P. Carey Inc. $WPC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in W.P. Carey Inc. (NYSE:WPC) by 22.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 153,462 shares of the real estate investment trust’s stock after buying an additional 27,734 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in W.P. Carey were worth $10,429,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in W.P. Carey by 6.6% in the first quarter. Fifth Third Bancorp now owns 4,933 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 307 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of W.P. Carey by 2.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 153,460 shares of the real estate investment trust’s stock worth $10,429,000 after purchasing an additional 2,941 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of W.P. Carey by 0.6% in the 1st quarter. Hsbc Holdings PLC now owns 928,438 shares of the real estate investment trust’s stock worth $63,099,000 after purchasing an additional 5,898 shares during the period. Resona Asset Management Co. Ltd. raised its holdings in shares of W.P. Carey by 2.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 127,428 shares of the real estate investment trust’s stock worth $8,655,000 after purchasing an additional 3,363 shares during the period. Finally, Demars Financial Group LLC lifted its stake in W.P. Carey by 26.7% in the first quarter. Demars Financial Group LLC now owns 12,592 shares of the real estate investment trust’s stock valued at $856,000 after purchasing an additional 2,657 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Insider Buying and Selling

In other news, CAO Brian H. Zander sold 433 shares of the firm’s 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 approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on WPC shares. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. BMO Capital Markets lowered their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. 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. Royal Bank Of Canada increased their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, UBS Group set a $76.00 target price on shares of W.P. Carey in a research note on Thursday, June 18th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.83.

W.P. Carey Price Performance

NYSE:WPC opened at $72.54 on Tuesday. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.77 and a beta of 0.76. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $76.97. The stock has a fifty day moving average of $73.42 and a 200 day moving average of $71.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. W.P. Carey’s revenue 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. On average, research analysts expect that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

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

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.