Bank of New York Mellon Corp Has $149.08 Million Stake in W.P. Carey Inc. $WPC

Key Points

• Bank of New York Mellon Corp increased its W.P. Carey stake by 7.5% in the fourth quarter, ending with 2.32 million shares valued at about $149.1 million. Institutional investors and hedge funds now own 73.73% of the stock.
• W.P. Carey reported better-than-expected first-quarter earnings, with EPS of $1.30 versus the $0.61 consensus and revenue of $454.5 million, up 11.2% from a year earlier. The company also provided FY 2026 guidance of $5.16 to $5.26 per share.
• The REIT raised its quarterly dividend to $0.93 per share, bringing the annualized payout to $3.72 and a yield of about 5.0%. Analysts currently have a consensus Hold rating with an average price target of $75.

Bank of New York Mellon Corp lifted its stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,316,295 shares of the real estate investment trust's stock after purchasing an additional 161,405 shares during the period. Bank of New York Mellon Corp owned approximately 1.06% of W.P. Carey worth $149,077,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of W.P. Carey during the fourth quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in shares of W.P. Carey during the fourth quarter worth approximately $28,000. Headlands Technologies LLC bought a new stake in shares of W.P. Carey during the second quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new stake in W.P. Carey in the third quarter valued at approximately $33,000. Finally, LGT Financial Advisors LLC bought a new stake in W.P. Carey in the third quarter valued at approximately $34,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPC has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of W.P. Carey from $72.00 to $73.00 and gave the company a "sector perform" rating in a report on Thursday, April 30th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research report 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 company a "neutral" rating in a research report on Monday, March 9th. Scotiabank lifted their price objective on shares of W.P. Carey from $73.00 to $79.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 12th. Finally, 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 report on Tuesday, March 17th. Four research 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, the company has an average rating of "Hold" and an average price target of $75.00.

W.P. Carey Trading Up 0.7%

WPC opened at $74.50 on Friday. W.P. Carey Inc. has a 1-year low of $61.09 and a 1-year high of $75.69. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The company has a market cap of $16.59 billion, a P/E ratio of 31.84, a PEG ratio of 3.20 and a beta of 0.76. The company's 50 day moving average is $72.66 and its 200-day moving average is $70.08.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities research analysts predict that W.P. Carey Inc. will post 5.02 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

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

Insider Activity

In other news, CAO Brian H. Zander sold 433 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were 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 in the company, valued at $1,027,268. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by insiders.

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.

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