Sumitomo Mitsui Trust Group Inc. Has $42.92 Million Stock Holdings in W.P. Carey Inc. $WPC

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in W.P. Carey Inc. (NYSE:WPC) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 666,924 shares of the real estate investment trust’s stock after selling 8,452 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in W.P. Carey were worth $42,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPC. Olistico Wealth LLC bought a new position in W.P. Carey in the fourth quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new position in W.P. Carey in the third quarter worth approximately $33,000. LGT Financial Advisors LLC bought a new position in W.P. Carey in the third quarter worth approximately $34,000. Finally, V Square Quantitative Management LLC bought a new position in W.P. Carey in the fourth quarter worth approximately $41,000. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WPC. Barclays increased their price target on W.P. Carey from $65.00 to $68.00 and gave the stock an “underweight” rating in a report on Friday, March 13th. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Tuesday, March 17th. Royal Bank Of Canada increased their price target on W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Evercore set a $74.00 price target on W.P. Carey in a report on Tuesday, February 17th. Finally, UBS Group increased their price target on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.90.

W.P. Carey Stock Performance

Shares of W.P. Carey stock opened at $71.60 on Thursday. The company has a market cap of $15.70 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 4.71 and a beta of 0.78. W.P. Carey Inc. has a 52 week low of $59.34 and a 52 week high of $75.69. The business has a 50 day moving average price of $71.36 and a 200-day moving average price of $68.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping the consensus estimate of $1.25 by $0.02. The firm had revenue of $444.55 million during the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities analysts anticipate that W.P. Carey Inc. will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 5.2%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 31st. W.P. Carey’s dividend payout ratio (DPR) is currently 176.30%.

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.