W.P. Carey Inc. $WPC Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its stake in W.P. Carey Inc. (NYSE:WPC) by 40.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,986 shares of the real estate investment trust’s stock after selling 16,054 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in W.P. Carey were worth $1,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WPC. Turning Point Benefit Group Inc. grew its position in shares of W.P. Carey by 6.3% in the fourth quarter. Turning Point Benefit Group Inc. now owns 2,511 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 148 shares during the period. Brookwood Investment Group LLC raised its position in shares of W.P. Carey by 1.7% during the 4th quarter. Brookwood Investment Group LLC now owns 8,936 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 149 shares during the last quarter. Fifth Third Bancorp raised its position in shares of W.P. Carey by 4.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,157 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 178 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in W.P. Carey by 2.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,829 shares of the real estate investment trust’s stock valued at $568,000 after buying an additional 193 shares in the last quarter. Finally, Woodward Diversified Capital LLC boosted its holdings in W.P. Carey by 3.9% in the 4th quarter. Woodward Diversified Capital LLC now owns 5,243 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 198 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Trading Down 0.1%

Shares of W.P. Carey stock opened at $74.25 on Friday. 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 stock’s 50 day simple moving average is $71.98 and its 200-day simple moving average is $69.83. The stock has a market cap of $16.54 billion, a P/E ratio of 31.73, a P/E/G ratio of 3.19 and a beta of 0.77. W.P. Carey Inc. has a 1-year low of $61.09 and a 1-year high of $75.69.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 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 firm had revenue of $454.51 million during the quarter, compared to analysts’ expectations of $430.64 million. During the same quarter last year, the firm earned $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. Analysts predict that W.P. Carey Inc. will post 5.02 EPS for the current fiscal year.

W.P. Carey Increases Dividend

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

Insider Activity at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group boosted their price objective 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. Evercore set a $74.00 price target on W.P. Carey in a research note on Tuesday, February 17th. Citigroup boosted their price target on W.P. Carey from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Scotiabank raised their price objective on W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, 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 report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.20.

W.P. Carey 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.