Brian Zander Sells 433 Shares of W.P. Carey (NYSE:WPC) Stock

W.P. Carey Inc. (NYSE:WPC) CAO Brian Zander sold 433 shares of W.P. Carey stock in a transaction 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 sale, the chief accounting officer directly owned 13,882 shares in the company, valued at $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

W.P. Carey Stock Up 0.3%

Shares of W.P. Carey stock opened at $74.10 on Friday. The business’s fifty day moving average price is $71.53 and its two-hundred day moving average price is $69.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $16.50 billion, a P/E ratio of 31.66, a PEG ratio of 3.17 and a beta of 0.77. W.P. Carey Inc. has a 1-year low of $59.34 and a 1-year high of $75.69.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.69. The firm had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm’s revenue for the quarter 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. As a group, research analysts forecast that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend 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

Several analysts have weighed in on WPC shares. Evercore set a $74.00 target price on W.P. Carey in a research note on Tuesday, February 17th. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Royal Bank Of Canada lifted their target price on W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. UBS Group lifted their price target on W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Finally, Barclays lifted their price target on W.P. Carey from $68.00 to $72.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.00.

Hedge Funds Weigh In On W.P. Carey

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its position in shares of W.P. Carey by 1.0% during the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock valued at $844,065,000 after purchasing an additional 119,817 shares during the period. Geode Capital Management LLC grew its holdings in shares of W.P. Carey by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock worth $307,913,000 after acquiring an additional 110,306 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of W.P. Carey by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust’s stock worth $271,150,000 after acquiring an additional 441,526 shares during the last quarter. Invesco Ltd. grew its holdings in shares of W.P. Carey by 0.3% in the 4th quarter. Invesco Ltd. now owns 3,904,767 shares of the real estate investment trust’s stock worth $251,311,000 after acquiring an additional 12,305 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of W.P. Carey by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,348,132 shares of the real estate investment trust’s stock worth $227,539,000 after acquiring an additional 155,857 shares during the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

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.