Pasadena Private Wealth LLC Buys Shares of 12,885 W.P. Carey Inc. $WPC

Pasadena Private Wealth LLC acquired a new position in W.P. Carey Inc. (NYSE:WPC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,885 shares of the real estate investment trust’s stock, valued at approximately $829,000.

Several other hedge funds also recently made changes to their positions in the business. Jupiter Asset Management Ltd. acquired a new position in shares of W.P. Carey in the 4th quarter worth approximately $41,638,000. Moors & Cabot Inc. grew its stake in shares of W.P. Carey by 1.7% in the 4th quarter. Moors & Cabot Inc. now owns 20,165 shares of the real estate investment trust’s stock worth $1,298,000 after purchasing an additional 340 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of W.P. Carey by 27.1% in the 4th quarter. Intech Investment Management LLC now owns 18,500 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 3,945 shares during the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 110,306 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its stake in shares of W.P. Carey by 1.0% in the 4th quarter. Flputnam Investment Management Co. now owns 26,534 shares of the real estate investment trust’s stock worth $1,708,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Performance

Shares of WPC opened at $74.25 on Friday. W.P. Carey Inc. has a one year low of $61.09 and a one year high of $75.69. The company has a 50-day moving average of $71.98 and a two-hundred day moving average of $69.83. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 3.19 and a beta of 0.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same period last year, the company posted $1.17 earnings per share. 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, equities research analysts expect that W.P. Carey Inc. will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.93 dividend. The ex-dividend date was Tuesday, March 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.92. This represents a $3.72 annualized dividend and a dividend yield of 5.0%. W.P. Carey’s dividend payout ratio is 158.97%.

Analyst Upgrades and Downgrades

WPC has been the topic of several recent research reports. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 17th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research note on Tuesday, February 17th. UBS Group lifted their price objective on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Royal Bank Of Canada lifted their price objective 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, Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.20.

Insider Activity at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.