New Age Alpha Advisors LLC Raises Position in W.P. Carey Inc. $WPC

New Age Alpha Advisors LLC grew its position in W.P. Carey Inc. (NYSE:WPC) by 44.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,743 shares of the real estate investment trust’s stock after purchasing an additional 19,887 shares during the quarter. New Age Alpha Advisors LLC’s holdings in W.P. Carey were worth $4,167,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WPC. Invesco Ltd. raised its holdings in W.P. Carey by 416.8% in the third 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. Wellington Management Group LLP raised its holdings in W.P. Carey by 1,183.6% in the third quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after buying an additional 1,042,334 shares during the last quarter. Captrust Financial Advisors raised its holdings in W.P. Carey by 2,712.0% in the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after buying an additional 744,097 shares during the last quarter. Barclays PLC raised its holdings in W.P. Carey by 331.0% in the third quarter. Barclays PLC now owns 861,430 shares of the real estate investment trust’s stock worth $58,207,000 after buying an additional 661,572 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in W.P. Carey by 165.6% in the second quarter. Balyasny Asset Management L.P. now owns 830,543 shares of the real estate investment trust’s stock worth $51,809,000 after buying an additional 517,855 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Up 0.1%

WPC opened at $74.54 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average price of $71.81 and a 200-day moving average price of $69.66. W.P. Carey Inc. has a twelve month low of $60.02 and a twelve month high of $75.69. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.20 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, beating the consensus estimate of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same period in the previous year, the company earned $1.17 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that W.P. Carey Inc. will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 5.0%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 31st. W.P. Carey’s dividend payout ratio (DPR) is presently 158.97%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Evercore set a $74.00 target price on shares of W.P. Carey in a report on Tuesday, February 17th. 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 for the company in a report on Tuesday, March 17th. Scotiabank boosted their price objective on shares of W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Citigroup boosted their price objective on shares of W.P. Carey from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of W.P. Carey from $72.00 to $73.00 and gave the company 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 issued a Sell rating to the company. According to MarketBeat.com, W.P. Carey presently has a consensus rating of “Hold” and a consensus target price of $74.20.

Insider Transactions at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the sale, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.

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.