Inceptionr LLC Acquires Shares of 26,239 W.P. Carey Inc. $WPC

Inceptionr LLC bought a new stake in W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 26,239 shares of the real estate investment trust’s stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WPC. Invesco Ltd. lifted its position in shares of W.P. Carey by 416.8% during the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after buying an additional 3,139,266 shares during the last quarter. Norges Bank acquired a new position in W.P. Carey during the fourth quarter worth about $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in W.P. Carey by 31,629.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock worth $139,229,000 after acquiring an additional 2,156,467 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of W.P. Carey by 1,183.6% in the third quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after acquiring an additional 1,042,334 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of W.P. Carey by 2,712.0% in the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after acquiring an additional 744,097 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WPC shares. UBS Group set a $76.00 price target on shares of W.P. Carey in a report on Thursday, June 18th. Wells Fargo & Company upped their price target on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $73.00 to $83.00 in a report on Tuesday, June 16th. Finally, Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price for the company in a report on Monday, June 8th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $78.00.

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the business’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 transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by corporate insiders.

W.P. Carey Stock Down 0.3%

W.P. Carey stock opened at $75.18 on Friday. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.91 and a beta of 0.76. W.P. Carey Inc. has a 52-week low of $63.08 and a 52-week high of $76.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a 50 day moving average price of $73.51 and a two-hundred day moving average price of $71.89.

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, beating 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 company had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period in the prior year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities analysts predict that W.P. Carey Inc. will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

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

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.