Jupiter Asset Management Ltd. Invests $41.64 Million in W.P. Carey Inc. $WPC

Key Points

• Jupiter Asset Management disclosed a new stake in W.P. Carey, buying 646,950 shares worth about $41.64 million in the fourth quarter, equal to roughly 0.30% of the REIT.
• W.P. Carey reported strong quarterly results, with EPS of $1.30 versus the $0.61 consensus and revenue of $454.5 million, up 11.2% year over year.
• The company also raised its quarterly dividend to $0.93 per share, or $3.72 annually, for a yield of about 5.0%, while analysts currently have a consensus Hold rating with an average price target of $74.20.

Jupiter Asset Management Ltd. purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 646,950 shares of the real estate investment trust's stock, valued at approximately $41,638,000. Jupiter Asset Management Ltd. owned about 0.30% of W.P. Carey at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its position in W.P. Carey by 1.0% in the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust's stock valued at $844,065,000 after buying an additional 119,817 shares during the last quarter. Geode Capital Management LLC raised its position in shares of W.P. Carey by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust's stock worth $307,913,000 after acquiring an additional 110,306 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of W.P. Carey by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,213,013 shares of the real estate investment trust's stock valued at $271,150,000 after acquiring an additional 441,526 shares during the period. Invesco Ltd. boosted its holdings in W.P. Carey by 416.8% in 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. Finally, Dimensional Fund Advisors LP boosted its holdings in W.P. Carey by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,171,690 shares of the real estate investment trust's stock valued at $214,315,000 after acquiring an additional 49,992 shares during the last quarter. Institutional investors own 73.73% of the company's stock.

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value 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 approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.98% of the company's stock.

W.P. Carey Price Performance

W.P. Carey stock opened at $74.25 on Friday. 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 firm has a market capitalization of $16.54 billion, a P/E ratio of 31.73, a PEG ratio of 3.19 and a beta of 0.77. The business has a 50-day moving average of $71.98 and a 200-day moving average of $69.83. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same period last year, the company posted $1.17 EPS. W.P. Carey'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 analysts anticipate that W.P. Carey Inc. will post 5.02 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed 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 represents a $3.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from W.P. Carey's previous quarterly dividend of $0.92. W.P. Carey's dividend payout ratio (DPR) is 158.97%.

Analysts Set New Price Targets

Several brokerages have weighed in on WPC. Royal Bank Of Canada boosted their price objective on W.P. Carey from $72.00 to $73.00 and gave the stock a "sector perform" rating in a report on Thursday, April 30th. Evercore set a $74.00 price target on shares of W.P. Carey in a research report on Tuesday, February 17th. Weiss Ratings upgraded shares of W.P. Carey from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, May 4th. UBS Group raised 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 note on Monday, March 9th. Finally, Barclays lifted their target price on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an "underweight" rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $74.20.

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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