Kestra Advisory Services LLC Sells 13,972 Shares of W.P. Carey Inc. $WPC

Kestra Advisory Services LLC lessened its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,815 shares of the real estate investment trust’s stock after selling 13,972 shares during the period. Kestra Advisory Services LLC’s holdings in W.P. Carey were worth $7,667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of W.P. Carey by 1.6% during the second quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock valued at $46,984,000 after acquiring an additional 11,635 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in W.P. Carey during the 2nd quarter valued at $115,000. Bank of Nova Scotia increased its position in W.P. Carey by 7.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 555 shares during the period. Qube Research & Technologies Ltd bought a new position in W.P. Carey in the 2nd quarter worth $3,494,000. Finally, Sei Investments Co. raised its holdings in W.P. Carey by 73.0% in the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock worth $6,050,000 after purchasing an additional 40,908 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Insider Activity at W.P. Carey

In related 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 value of $32,042.00. Following the sale, the chief accounting officer owned 13,882 shares in the company, valued at $1,027,268. This represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WPC has been the subject of several research analyst reports. BMO Capital Markets dropped their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Barclays boosted their price target on shares of W.P. Carey from $72.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Citigroup restated a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Monday, June 8th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, W.P. Carey currently has a consensus rating of “Hold” and an average price target of $77.83.

W.P. Carey Trading Up 1.2%

Shares of NYSE WPC opened at $72.54 on Tuesday. W.P. Carey Inc. has a 1 year low of $61.09 and a 1 year high of $76.97. The stock has a market cap of $16.16 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76. The firm has a 50-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 current ratio of 0.35 and a quick ratio of 0.35.

W.P. Carey (NYSE:WPC) last posted 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. The business 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%. W.P. Carey’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, sell-side analysts expect that W.P. Carey Inc. will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis 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 presently 160.68%.

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.