CIBC Asset Management Inc boosted its holdings in shares of W.P. Carey Inc. (NYSE:WPC – Free Report) by 826.8% during the 4th quarter, Holdings Channel reports. The firm owned 101,080 shares of the real estate investment trust’s stock after buying an additional 90,174 shares during the period. CIBC Asset Management Inc’s holdings in W.P. Carey were worth $6,506,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in W.P. Carey by 1.6% in the 2nd quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock worth $46,984,000 after acquiring an additional 11,635 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in W.P. Carey in the 2nd quarter worth approximately $115,000. Bank of Nova Scotia increased its stake in W.P. Carey by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 555 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in W.P. Carey in the 2nd quarter worth approximately $3,494,000. Finally, Sei Investments Co. increased its stake in W.P. Carey by 73.0% in the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock worth $6,050,000 after acquiring an additional 40,908 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.
Insider Transactions at W.P. Carey
In related news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares in the company, valued at $1,027,268. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is currently owned by insiders.
W.P. Carey Price Performance
W.P. Carey (NYSE:WPC – Get Free Report) last announced its 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. The firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities analysts expect that W.P. Carey Inc. will post 5.02 EPS for the current year.
W.P. Carey Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s dividend payout ratio (DPR) is presently 158.97%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on WPC shares. Scotiabank lifted their price objective on 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. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective 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. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 17th. Finally, Evercore set a $74.00 price objective on W.P. Carey in a research note on Tuesday, February 17th. Four equities research 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. Based on data from MarketBeat, W.P. Carey has an average rating of “Hold” and a consensus target price of $75.00.
Check Out Our Latest Report on WPC
About W.P. Carey
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.
Featured Stories
- Five stocks we like better than W.P. Carey
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC – Free Report).
Receive News & Ratings for W.P. Carey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey and related companies with MarketBeat.com's FREE daily email newsletter.
