Hsbc Holdings PLC raised its holdings in shares of W.P. Carey Inc. (NYSE:WPC – Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 922,540 shares of the real estate investment trust’s stock after purchasing an additional 71,463 shares during the period. Hsbc Holdings PLC’s holdings in W.P. Carey were worth $59,370,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of WPC. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in W.P. Carey during the fourth quarter worth about $26,000. Olistico Wealth LLC acquired a new stake in W.P. Carey during the fourth quarter worth about $28,000. Headlands Technologies LLC bought a new position in W.P. Carey in the second quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new position in W.P. Carey in the third quarter valued at approximately $33,000. 73.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on WPC. Raymond James Financial raised W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Tuesday, March 17th. UBS Group set a $76.00 price objective on W.P. Carey in a research report on Thursday. Royal Bank Of Canada upped their price objective on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a research report on Thursday. Finally, Wells Fargo & Company raised their target price on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Six equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $77.83.
W.P. Carey Stock Performance
WPC opened at $71.36 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $73.67 and its 200-day moving average is $70.65. The stock has a market cap of $15.90 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.76 and a beta of 0.76. W.P. Carey Inc. has a twelve month low of $61.09 and a twelve month high of $76.97.
W.P. Carey (NYSE:WPC – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The business had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter 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 5.04 earnings per share for the current year.
W.P. Carey Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a dividend yield of 5.3%. W.P. Carey’s dividend payout ratio (DPR) is currently 158.97%.
Insider Activity at W.P. Carey
In other news, CAO Brian H. Zander sold 433 shares of the firm’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 transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.98% of the company’s stock.
W.P. Carey Company Profile
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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