Mediolanum International Funds Ltd Invests $2 Million in W.P. Carey Inc. $WPC

Mediolanum International Funds Ltd bought a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the first quarter, Holdings Channel.com reports. The fund bought 29,425 shares of the real estate investment trust’s stock, valued at approximately $1,998,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in W.P. Carey during the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of W.P. Carey in the 4th quarter worth about $26,000. Olistico Wealth LLC acquired a new position in shares of W.P. Carey in the 4th quarter valued at about $28,000. Osbon Capital Management LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at about $29,000. Finally, Headlands Technologies LLC bought a new stake in shares of W.P. Carey during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WPC shares. Wells Fargo & Company lifted their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Weiss Ratings upgraded shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets dropped their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.83.

W.P. Carey Stock Performance

Shares of WPC opened at $75.25 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a 50-day moving average of $73.45 and a 200-day moving average of $71.74. The company has a market cap of $16.76 billion, a PE ratio of 32.16, a P/E/G ratio of 2.90 and a beta of 0.76. W.P. Carey Inc. has a one year low of $61.80 and a one year high of $76.97.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results 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 the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities research analysts predict that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.94 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio is presently 160.68%.

Insider Buying and Selling at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction that occurred on 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. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by insiders.

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.