Mediolanum International Funds Ltd Acquires Shares of 29,425 W.P. Carey Inc. $WPC

Mediolanum International Funds Ltd acquired a new stake in W.P. Carey Inc. (NYSE:WPCFree Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 29,425 shares of the real estate investment trust’s stock, valued at approximately $1,998,000.

A number of other hedge funds also recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey in the 4th quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of W.P. Carey during the 4th quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of W.P. Carey during the 4th quarter worth approximately $28,000. Osbon Capital Management LLC bought a new position in W.P. Carey in the fourth quarter valued at approximately $29,000. Finally, Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter valued at approximately $30,000. Institutional investors own 73.73% of the company’s stock.

Insider Buying and Selling at W.P. Carey

In other 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 value of $32,042.00. Following the completion of the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets decreased their price target on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. UBS Group set a $76.00 price target on 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 note on Monday, May 4th. Finally, Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $83.00 in a research report on Tuesday, June 16th. 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.com, W.P. Carey currently has an average rating of “Hold” and an average price target of $77.83.

Check Out Our Latest Report on W.P. Carey

W.P. Carey Price Performance

Shares of WPC opened at $75.25 on Wednesday. The business has a 50-day simple moving average of $73.45 and a two-hundred day simple moving average of $71.74. 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 12-month low of $61.80 and a 12-month high of $76.97. The stock has a market cap of $16.76 billion, a PE ratio of 32.16, a PEG ratio of 2.90 and a beta of 0.76.

W.P. Carey (NYSE:WPCGet Free Report) last posted its earnings results 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. The firm 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%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts anticipate that W.P. Carey Inc. will post 5.06 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 was Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.0%. W.P. Carey’s dividend payout ratio is presently 160.68%.

W.P. Carey Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for W.P. Carey (NYSE:WPC)

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