Swedbank AB Purchases 75,253 Shares of W.P. Carey Inc. $WPC

Swedbank AB increased its position in shares of W.P. Carey Inc. (NYSE:WPCFree Report) by 124.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135,849 shares of the real estate investment trust’s stock after acquiring an additional 75,253 shares during the period. Swedbank AB’s holdings in W.P. Carey were worth $8,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in W.P. Carey during the 4th quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in W.P. Carey during the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new stake in W.P. Carey during the 2nd quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new stake in W.P. Carey during the 3rd quarter worth approximately $33,000. Finally, LGT Financial Advisors LLC bought a new stake in W.P. Carey during the 3rd quarter worth approximately $34,000. Institutional investors own 73.73% of the company’s stock.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on WPC. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Tuesday, March 17th. Royal Bank Of Canada upped their target price on shares of W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank boosted their price target on shares of W.P. Carey from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Finally, Barclays boosted their price target on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.20.

Check Out Our Latest Research Report on W.P. Carey

W.P. Carey Price Performance

WPC stock opened at $74.86 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. W.P. Carey Inc. has a one year low of $61.09 and a one year high of $75.69. The stock has a market cap of $16.67 billion, a PE ratio of 31.99, a P/E/G ratio of 3.20 and a beta of 0.77. The firm has a 50 day simple moving average of $71.88 and a two-hundred day simple moving average of $69.72.

W.P. Carey (NYSE:WPCGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS 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 business had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter in the previous year, the company earned $1.17 EPS. 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. On average, analysts predict that W.P. Carey Inc. will post 5.02 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $3.72 dividend on an annualized basis and a yield of 5.0%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio is presently 158.97%.

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.

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

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