W.P. Carey Inc. $WPC Stock Holdings Cut by Victory Capital Management Inc.

Key Points

• Victory Capital cut its W.P. Carey stake by 2.5% to 731,940 shares (about $49.5M); institutional investors now own 73.73% of the company and Norges Bank opened a new ~ $151M position.
• W.P. Carey beat quarterly estimates with $1.27 EPS (vs. $1.25 expected) and revenue rose 9.6% year-over-year, with FY2026 guidance set at 5.130–5.230 EPS.
• The REIT raised its quarterly dividend to $0.92 (annualized $3.68, 5.1% yield) though the payout ratio is high at 174%, while analysts hold a consensus rating of “Hold” with a $70.11 average price target versus the stock trading near $72.70.

Victory Capital Management Inc. cut its position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 731,940 shares of the real estate investment trust's stock after selling 18,650 shares during the quarter. Victory Capital Management Inc. owned 0.33% of W.P. Carey worth $49,457,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of WPC. Geode Capital Management LLC boosted its stake in W.P. Carey by 1.9% during the second quarter. Geode Capital Management LLC now owns 4,606,018 shares of the real estate investment trust's stock valued at $286,581,000 after buying an additional 87,150 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in W.P. Carey by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,771,487 shares of the real estate investment trust's stock worth $254,839,000 after acquiring an additional 55,437 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in W.P. Carey by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,769,189 shares of the real estate investment trust's stock valued at $172,742,000 after acquiring an additional 106,879 shares during the last quarter. Legal & General Group Plc lifted its holdings in W.P. Carey by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 2,551,251 shares of the real estate investment trust's stock valued at $159,147,000 after acquiring an additional 120,498 shares during the last quarter. Finally, Norges Bank bought a new position in shares of W.P. Carey during the 2nd quarter valued at about $151,411,000. Institutional investors own 73.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays set a $65.00 price objective on shares of W.P. Carey in a research note on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of W.P. Carey from $79.00 to $74.00 and set an "overweight" rating for the company in a report on Tuesday, December 9th. Royal Bank Of Canada lifted their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 12th. Citigroup upped their price target on W.P. Carey from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Wednesday, January 14th. Finally, Scotiabank increased their price objective on W.P. Carey from $72.00 to $73.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, W.P. Carey currently has an average rating of "Hold" and a consensus price target of $70.11.

W.P. Carey Stock Up 0.2%

WPC stock opened at $72.70 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $15.93 billion, a P/E ratio of 34.46, a P/E/G ratio of 4.94 and a beta of 0.76. W.P. Carey Inc. has a 52-week low of $54.24 and a 52-week high of $75.69. The company's 50 day simple moving average is $69.97 and its 200-day simple moving average is $67.94.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.02. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The firm had revenue of $444.55 million during the quarter, compared to analyst estimates of $433.28 million. During the same quarter last year, the business posted $1.21 EPS. The company's revenue was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, equities research analysts anticipate that W.P. Carey Inc. will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This is a positive change from W.P. Carey's previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, December 31st. W.P. Carey's dividend payout ratio is presently 174.41%.

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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