W.P. Carey Inc. $WPC Stake Decreased by Sumitomo Mitsui Trust Group Inc.

Posted by Stanley Muller on Nov 5th, 2026

Sumitomo Mitsui Trust Group Inc. decreased its holdings in W.P. Carey Inc. (NYSE:WPC – Free Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 589,773 shares of the real estate investment trust’s stock after selling 31,167 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of W.P. Carey worth $38,117,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WPC. BlackRock Inc. purchased a new stake in W.P. Carey in the second quarter worth about $2,371,801,000. Dimensional Fund Advisors LP raised its stake in shares of W.P. Carey by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,348,132 shares of the real estate investment trust’s stock worth $227,539,000 after buying an additional 155,857 shares during the period. Legal & General Group Plc purchased a new position in shares of W.P. Carey during the 2nd quarter valued at about $189,315,000. Bank of New York Mellon Corp bought a new position in shares of W.P. Carey during the 2nd quarter valued at approximately $164,853,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of W.P. Carey by 3.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,270,499 shares of the real estate investment trust’s stock valued at $162,341,000 after acquiring an additional 65,284 shares during the period. 73.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WPC has been the subject of several research analyst reports. Evercore set a $75.00 target price on W.P. Carey in a research report on Monday, September 21st. Scotiabank lowered their price target on W.P. Carey from $76.00 to $68.00 and set a “sector perform” rating on the stock in a report on Thursday, September 24th. Barclays dropped their price target on W.P. Carey from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. Citigroup dropped their price target on W.P. Carey from $75.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Finally, Jefferies Financial Group started coverage on shares of W.P. Carey in a report on Tuesday, September 22nd. They set a “buy” rating and a $73.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, W.P. Carey presently has an average rating of “Moderate Buy” and an average price target of $76.79.

View Our Latest Stock Report on WPC

W.P. Carey Price Performance

NYSE:WPC opened at $65.50 on Thursday. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.78 and a beta of 0.75. W.P. Carey Inc. has a 1 year low of $62.19 and a 1 year high of $77.22. The business has a 50 day simple moving average of $66.16 and a 200-day simple moving average of $70.77. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.21 and a quick ratio of 0.21.

W.P. Carey (NYSE:WPC – Get Free Report) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.09). W.P. Carey had a net margin of 35.60% and a return on equity of 7.67%. The company had revenue of $468.30 million for the quarter, compared to the consensus estimate of $457.57 million. During the same period in the prior year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that W.P. Carey Inc. will post 5.07 EPS for the current year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 5.8%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, September 30th. W.P. Carey’s dividend payout ratio (DPR) is presently 131.03%.

About W.P. Carey

(Free Report)

W.P. Carey Inc (NYSE: WPC) is a real estate investment trust specializing in the ownership and management of commercial properties under long-term, net lease agreements. In a net lease arrangement, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate rental income with relatively predictable operating expenses.

The company’s portfolio is diversified across industrial, warehouse, retail, self-storage and other commercial properties.