Brummer Multi Strategy AB Purchases Shares of 28,508 W.P. Carey Inc. $WPC

Brummer Multi Strategy AB bought a new stake in W.P. Carey Inc. (NYSE:WPC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,508 shares of the real estate investment trust’s stock, valued at approximately $1,937,000. W.P. Carey makes up approximately 8.0% of Brummer Multi Strategy AB’s holdings, making the stock its 6th biggest position.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of W.P. Carey by 416.8% during the third quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after acquiring an additional 3,139,266 shares during the last quarter. Norges Bank acquired a new position in W.P. Carey in the 4th quarter valued at about $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $139,229,000 after purchasing an additional 2,156,467 shares during the last quarter. Wellington Management Group LLP lifted 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 valued at $76,381,000 after purchasing an additional 1,042,334 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings 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 valued at $48,128,000 after purchasing an additional 744,097 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Price Performance

W.P. Carey stock opened at $74.98 on Friday. W.P. Carey Inc. has a 52-week low of $61.09 and a 52-week high of $76.97. The firm has a fifty day moving average of $73.39 and a 200-day moving average of $71.52. The firm has a market capitalization of $16.70 billion, a P/E ratio of 32.04, a PEG ratio of 2.79 and a beta of 0.76. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data 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 company had revenue of $454.51 million for 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 firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, analysts predict that W.P. Carey Inc. will post 5.06 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.0%. W.P. Carey’s dividend payout ratio is 160.68%.

Insider Buying and Selling at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were 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 directly owned 13,882 shares of the company’s stock, valued at $1,027,268. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WPC shares. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research report on Monday, June 8th. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Weiss Ratings upgraded W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank lowered their price objective on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.83.

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.