Pacer Advisors Inc. Cuts Stock Position in W.P. Carey Inc. $WPC

Pacer Advisors Inc. cut its position in W.P. Carey Inc. (NYSE:WPC) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,889 shares of the real estate investment trust’s stock after selling 9,946 shares during the quarter. Pacer Advisors Inc.’s holdings in W.P. Carey were worth $6,686,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Captrust Financial Advisors lifted its position in W.P. Carey by 9.1% during the third quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock valued at $56,901,000 after acquiring an additional 70,572 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in W.P. Carey by 10.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock valued at $25,150,000 after acquiring an additional 36,205 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in W.P. Carey in the fourth quarter worth $41,638,000. Oak Thistle LLC purchased a new position in W.P. Carey in the fourth quarter worth $2,922,000. Finally, Swedbank AB increased its position in shares of W.P. Carey by 124.2% during 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 in the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WPC. Wells Fargo & Company increased their price objective on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Scotiabank dropped their target price on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Thursday. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday. Finally, UBS Group set a $76.00 price target on W.P. Carey in a report on Thursday. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.83.

Insiders Place Their Bets

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

W.P. Carey Stock Performance

Shares of NYSE WPC opened at $71.27 on Monday. The company has a 50 day simple moving average of $73.68 and a two-hundred day simple moving average of $70.62. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.76 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 $61.09 and a 12 month high of $76.97.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data 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. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The firm had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, analysts predict that W.P. Carey Inc. will post 5.04 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.76 annualized dividend and a yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is 158.97%.

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.