News Summary
The New York State Teachers Retirement System has reduced its stake in W.P. Carey Inc. by 28.8%, now holding approximately 0.07% of the company. The reduction follows a SEC disclosure of their ownership after selling over 64,000 shares. Other institutional investors have also adjusted their positions in W.P. Carey, collectively holding about 73.73% of the stock. Recent analyst upgrades reflect mixed evaluations, with a consensus price target of $67.22. W.P. Carey reported strong quarterly earnings and maintains a robust dividend strategy, showcasing resilience in the real estate market.
New York State Teachers Retirement System has significantly reduced its stake in W.P. Carey Inc. (NYSE: WPC) by 28.8% during the second quarter of the fiscal year. This reduction follows a disclosure with the Securities and Exchange Commission (SEC), where it was revealed that the firm owned 159,423 shares of W.P. Carey after selling off 64,410 shares during this period. By the end of the latest reporting period, New York State Teachers Retirement System held approximately 0.07% of W.P. Carey, amounting to a valuation of $9,945,000.
Other institutional investors have also made adjustments to their holdings in W.P. Carey, signaling a notable shift in investment strategies concerning the real estate investment trust (REIT). For instance, von Borstel & Associates Inc. acquired a new position valued at around $26,000, while TCTC Holdings LLC increased its position by 100.8%, now owning a total of 482 shares valued at $30,000 after acquiring an additional 242 shares. Furthermore, Cheviot Value Management LLC and V Square Quantitative Management LLC purchased new stakes worth $37,000 and $40,000, respectively. REAP Financial Group LLC also raised its position by 56.4%, owning 660 shares valued at $41,000.
Notably, institutional investors and hedge funds collectively own about 73.73% of W.P. Carey’s stock. This ownership structure highlights the considerable influence of institutional investors on the company’s stock price movements and overall valuation.
In recent analysis, several research firms have provided updates on W.P. Carey. Wells Fargo upgraded its rating from “equal weight” to “overweight,” increasing its price target from $68.00 to $72.00. Similarly, UBS Group raised its price objective from $63.00 to $66.00, maintaining a “neutral” stance on the stock. Scotiabank also increased its price target from $64.00 to $67.00, reflecting a “sector perform” rating. Conversely, Barclays lifted its target from $61.00 to $64.00, yet categorized the stock as “underweight.” On another note, Evercore ISI increased its price target from $66.00 to $70.00, signifying an “in-line” position. The current assessments of W.P. Carey show a mix of evaluations, with three “Buy” ratings, seven “Hold” ratings, and one “Sell” rating, ultimately leading to an average rating of “Hold” according to MarketBeat.com. The consensus price target stands at $67.22.
On Monday, W.P. Carey’s stock opened at $68.47, maintaining a solid position within a complex market landscape. The company’s stock has a 50-day moving average of $67.20 and a 200-day moving average of $63.88. The firm has a market capitalization of $14.99 billion, and its price-to-earnings ratio is calculated at 45.04, with a price-to-earnings-growth ratio of 9.90. Additionally, W.P. Carey demonstrates a beta of 0.81 and significant debt management, with a debt-to-equity ratio of 0.97. The company’s current and quick ratios both stand at 0.19, indicating its liquidity position.
The REIT’s performance showed resilience, with a 52-week low recorded at $52.91 and a high at $69.79. In its last quarterly earnings report published on July 29, 2025, W.P. Carey reported earnings per share (EPS) of $1.28, beating estimates of $1.23 by $0.05. Revenue for the quarter was reported at $430.78 million, surpassing forecasts of $420.99 million, indicating a year-over-year revenue increase of 10.5%. The company also achieved a return on equity of 4.00% and a net margin of 20.42%. Looking ahead, W.P. Carey has projected fiscal year 2025 guidance of EPS between 4.870 and 4.950, with analysts estimating an EPS of 4.87 for the current fiscal year.
Dividends remain a core component of W.P. Carey’s financial strategy, with the company declaring a quarterly dividend of $0.91 per share, leading to an annualized dividend total of $3.64. This results in a dividend yield of 5.3% as of September 30, representing an increase from the previous dividend payout of $0.90. The payout ratio is positioned at 239.47%, underlining the firm’s commitment to returning value to its shareholders.
As of December 31, 2023, W.P. Carey boasts a diverse portfolio that includes 1,424 net lease properties spanning approximately 173 million square feet and 89 self-storage properties, illustrating its robust presence in the real estate sector.
Deeper Dive: News & Info About This Topic
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