Pasadena Private Wealth LLC Takes $927,000 Position in W.P. Carey Inc. $WPC

Posted by Geri Gentry on Aug 20th, 2026

Pasadena Private Wealth LLC purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 12,966 shares of the real estate investment trust’s stock, valued at approximately $927,000.

Several other large investors have also made changes to their positions in WPC. BlackRock Inc. bought a new position in W.P. Carey in the second quarter valued at approximately $2,371,801,000. Invesco Ltd. raised its position in W.P. Carey by 416.8% during the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after purchasing an additional 3,139,266 shares in the last quarter. Norges Bank bought a new stake in W.P. Carey during the fourth quarter worth $184,035,000. Bank of New York Mellon Corp bought a new stake in W.P. Carey during the second quarter worth $164,853,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 purchasing an additional 2,156,467 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

Shares of W.P. Carey stock opened at $71.92 on Thursday. W.P. Carey Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $77.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $16.38 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.54 and a beta of 0.75. The company’s 50 day moving average price is $72.89 and its two-hundred day moving average price is $72.52.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio is currently 128.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. BNP Paribas Exane upgraded W.P. Carey from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $73.00 to $88.00 in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on W.P. Carey from $73.00 to $77.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Evercore set a $77.00 target price on W.P. Carey in a research report on Thursday, July 30th. Finally, Scotiabank boosted their target price on W.P. Carey from $76.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.38.

Read Our Latest Stock Analysis on W.P. Carey

About W.P. Carey

(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.