Swiss National Bank Has $43.71 Million Position in W.P. Carey Inc. $WPC

Swiss National Bank grew its stake in W.P. Carey Inc. (NYSE:WPC) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,151 shares of the real estate investment trust’s stock after purchasing an additional 42,900 shares during the quarter. Swiss National Bank’s holdings in W.P. Carey were worth $43,709,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in W.P. Carey by 22.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 153,462 shares of the real estate investment trust’s stock valued at $10,429,000 after buying an additional 27,734 shares in the last quarter. Swedbank AB increased its position in shares of W.P. Carey by 124.2% in the fourth quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock worth $8,743,000 after purchasing an additional 75,253 shares during the period. Jupiter Asset Management Ltd. acquired a new position in W.P. Carey in the fourth quarter valued at about $41,638,000. Northwestern Mutual Wealth Management Co. raised its stake in W.P. Carey by 372.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock valued at $3,002,000 after purchasing an additional 36,779 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in W.P. Carey during the fourth quarter worth about $2,922,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Up 0.2%

WPC stock opened at $75.39 on Thursday. The stock has a market capitalization of $16.79 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 12 month low of $62.99 and a 12 month high of $76.97. The firm has a 50-day moving average price of $73.48 and a 200-day moving average price of $71.82.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.69. The company had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities research analysts anticipate that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.0%. W.P. Carey’s payout ratio is presently 160.68%.

Analyst Ratings Changes

WPC has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Scotiabank reduced their price target on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets decreased their price objective on shares of 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. Bank of America upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $83.00 in a research report on Tuesday, June 16th. Finally, Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Monday, June 8th. Six 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $78.00.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. This represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

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.