CIBC Asset Management Inc Grows Position in W.P. Carey Inc. $WPC

CIBC Asset Management Inc lifted its holdings in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 826.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,080 shares of the real estate investment trust's stock after buying an additional 90,174 shares during the period. CIBC Asset Management Inc's holdings in W.P. Carey were worth $6,506,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WPC. Bank of New York Mellon Corp boosted its position in W.P. Carey by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,316,295 shares of the real estate investment trust's stock worth $149,077,000 after purchasing an additional 161,405 shares during the last quarter. AXQ Capital LP purchased a new position in W.P. Carey in the fourth quarter worth about $383,000. Nomura Asset Management Co. Ltd. boosted its position in W.P. Carey by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 399,948 shares of the real estate investment trust's stock worth $25,741,000 after purchasing an additional 11,035 shares during the last quarter. BNP Paribas Financial Markets boosted its position in W.P. Carey by 15.7% in the fourth quarter. BNP Paribas Financial Markets now owns 211,176 shares of the real estate investment trust's stock worth $13,591,000 after purchasing an additional 28,614 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in W.P. Carey by 0.5% in the fourth quarter. Forsta AP Fonden now owns 64,500 shares of the real estate investment trust's stock worth $4,151,000 after purchasing an additional 300 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPC has been the topic of several research reports. Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday, February 17th. Citigroup raised their target price 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. Wells Fargo & Company raised their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Scotiabank raised their target price on W.P. Carey from $73.00 to $79.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised W.P. Carey from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, May 4th. Four 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.com, W.P. Carey currently has a consensus rating of "Hold" and a consensus price target of $75.00.

Insider Transactions at W.P. Carey

In related news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction that occurred on 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 approximately $1,027,268. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.98% of the company's stock.

W.P. Carey Stock Up 0.7%

NYSE WPC opened at $74.50 on Friday. The stock's 50-day moving average price is $72.66 and its 200-day moving average price is $70.08. 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 Inc. has a 52 week low of $61.09 and a 52 week high of $75.69. The company has a market capitalization of $16.59 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.76.

W.P. Carey (NYSE:WPC - Get Free Report) last issued 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. The company had revenue of $454.51 million for the quarter, compared to the consensus estimate 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 last year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities research analysts predict that W.P. Carey Inc. will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.93 per share. 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 annualized dividend and a yield of 5.0%. W.P. Carey's dividend payout ratio is 158.97%.

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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