W.P. Carey Inc. $WPC Shares Bought by Allstate Corp

Allstate Corp boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 111.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,522 shares of the real estate investment trust’s stock after buying an additional 8,723 shares during the period. Allstate Corp’s holdings in W.P. Carey were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WPC. Turning Point Benefit Group Inc. lifted its stake in shares of W.P. Carey by 6.3% in the 4th quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 148 shares during the last quarter. Brookwood Investment Group LLC lifted its stake in shares of W.P. Carey by 1.7% in the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 149 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of W.P. Carey by 4.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 178 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of W.P. Carey by 2.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,829 shares of the real estate investment trust’s stock valued at $568,000 after purchasing an additional 193 shares during the last quarter. Finally, Woodward Diversified Capital LLC lifted its stake in shares of W.P. Carey by 3.9% in the 4th quarter. Woodward Diversified Capital LLC now owns 5,243 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WPC. UBS Group upped their price target on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Evercore set a $74.00 price objective on W.P. Carey in a report on Tuesday, February 17th. Scotiabank boosted their price objective on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their price objective on 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 research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey presently has an average rating of “Hold” and a consensus target price of $74.20.

W.P. Carey Stock Up 0.5%

Shares of NYSE WPC opened at $74.57 on Friday. The stock has a market cap of $16.61 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $75.69. The business has a 50-day moving average price of $72.07 and a 200 day moving average price of $69.86.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.93 dividend. 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 5.0%. W.P. Carey’s payout ratio is currently 158.97%.

Insider Activity

In related news, CAO Brian H. Zander sold 433 shares of the company’s stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.

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.