Y Intercept Hong Kong Ltd Sells 26,197 Shares of W.P. Carey Inc. $WPC

Y Intercept Hong Kong Ltd lowered its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 69.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,498 shares of the real estate investment trust’s stock after selling 26,197 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in W.P. Carey were worth $781,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in W.P. Carey in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of W.P. Carey during the fourth quarter worth $26,000. Olistico Wealth LLC purchased a new stake in shares of W.P. Carey during the fourth quarter valued at $28,000. Osbon Capital Management LLC purchased a new stake in shares of W.P. Carey during the fourth quarter valued at $29,000. Finally, Headlands Technologies LLC bought a new position in shares of W.P. Carey in the second quarter worth about $30,000. Institutional investors own 73.73% of the company’s stock.

Analysts Set New Price Targets

WPC has been the topic of several recent analyst reports. BMO Capital Markets reduced their price target on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Bank of America raised shares of W.P. Carey from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $83.00 in a research report on Tuesday, June 16th. Scotiabank dropped their target price on shares of W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. 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 research note on Thursday, April 30th. Finally, Barclays raised their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Six 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.83.

Insiders Place Their Bets

In related news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total transaction of $32,042.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by insiders.

W.P. Carey Stock Performance

Shares of NYSE:WPC opened at $71.61 on Monday. The firm has a 50 day moving average of $73.43 and a 200 day moving average of $71.28. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $15.95 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76. W.P. Carey Inc. has a 52 week low of $61.09 and a 52 week high of $76.97.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $1.17 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that W.P. Carey Inc. will post 5.06 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.94 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date is Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.3%. W.P. Carey’s dividend payout ratio (DPR) is currently 160.68%.

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.