New York State Teachers Retirement System Purchases 15,817 Shares of W.P. Carey Inc. $WPC

Key Points

• New York State Teachers Retirement System increased its W.P. Carey stake by 9.7%, adding 15,817 shares to hold 178,165 shares worth about $11.47 million (0.08% of the company).
• W.P. Carey beat expectations in the quarter with $1.30 EPS vs. $0.61 estimated and $454.5M revenue (+11.2% YoY), and set FY2026 guidance of $5.160–$5.260 EPS (analysts expect ~5.02).
• The company raised its quarterly dividend to $0.93 (annualized $3.72), implying a ~5.1% yield, though the dividend payout ratio is elevated at 158.97%.

New York State Teachers Retirement System grew its position in W.P. Carey Inc. (NYSE:WPC - Free Report) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 178,165 shares of the real estate investment trust's stock after acquiring an additional 15,817 shares during the period. New York State Teachers Retirement System owned 0.08% of W.P. Carey worth $11,467,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of WPC. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey during the fourth quarter worth $25,000. Olistico Wealth LLC acquired a new position in shares of W.P. Carey during the fourth quarter worth $28,000. Headlands Technologies LLC bought a new position in W.P. Carey during the 2nd quarter worth $30,000. Wealth Watch Advisors INC bought a new position in W.P. Carey during the 3rd quarter worth $33,000. Finally, LGT Financial Advisors LLC bought a new position in W.P. Carey during the 3rd quarter worth $34,000. Institutional investors own 73.73% of the company's stock.

W.P. Carey Stock Down 0.3%

Shares of NYSE:WPC opened at $72.42 on Tuesday. The firm has a market cap of $16.13 billion, a P/E ratio of 30.95, a P/E/G ratio of 4.77 and a beta of 0.77. 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 12-month low of $59.34 and a 12-month high of $75.69. The business has a fifty day simple moving average of $71.49 and a 200 day simple moving average of $68.92.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping 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 analyst estimates of $430.64 million. During the same period last year, the company posted $1.17 EPS. The business's quarterly revenue 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 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given 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 annualized dividend and a dividend yield of 5.1%. W.P. Carey's dividend payout ratio is 158.97%.

Wall Street Analysts Forecast Growth

WPC has been the subject of several analyst reports. Raymond James Financial raised W.P. Carey from a "market perform" rating to an "outperform" rating and set a $76.00 target price for the company in a research report on Tuesday, March 17th. Scotiabank raised their target price on W.P. Carey from $72.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Monday, March 2nd. Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Finally, 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, W.P. Carey currently has a consensus rating of "Hold" and a consensus target price of $73.00.

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.

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