Sienna Gestion Takes Position in W.P. Carey Inc. $WPC

Sienna Gestion bought a new stake in shares of W.P. Carey Inc. (NYSE:WPC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,182 shares of the real estate investment trust’s stock, valued at approximately $1,181,000.

Several other large investors have also recently made changes to their positions in WPC. Invesco Ltd. increased its holdings in W.P. Carey by 416.8% in the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock worth $263,014,000 after acquiring an additional 3,139,266 shares during the last quarter. Norges Bank purchased a new stake in W.P. Carey in the 4th quarter worth about $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in W.P. Carey by 31,629.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock worth $139,229,000 after acquiring an additional 2,156,467 shares during the last quarter. Wellington Management Group LLP increased its holdings in W.P. Carey by 1,183.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after acquiring an additional 1,042,334 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in W.P. Carey by 2,712.0% in the 2nd quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after purchasing an additional 744,097 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $32,042.00. Following the completion of the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on WPC. Scotiabank raised their target price 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. Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Monday, June 8th. UBS Group raised their target price on W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Barclays raised their target price on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.90.

W.P. Carey Price Performance

Shares of W.P. Carey stock opened at $75.41 on Tuesday. 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 business’s 50 day simple moving average is $73.51 and its two-hundred day simple moving average is $70.47. The stock has a market capitalization of $16.80 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.76. W.P. Carey Inc. has a one year low of $61.09 and a one year high of $76.97.

W.P. Carey (NYSE:WPC) last announced 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 return on equity of 6.29% and a net margin of 29.35%.The business had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. During the same period in the previous year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts forecast that W.P. Carey Inc. will post 5.04 EPS 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. Investors 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 dividend on an annualized basis and a yield of 5.0%. W.P. Carey’s payout ratio is 158.97%.

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.