Apg Asset Management US 13F: Cuts W. P. Carey (WPC) Stake by $21M

Apg Asset Management US has reduced its investment in W. P. Carey Inc. (NYSE:WPC), according to its latest Form 13F filing with the SEC. The fund cut its holdings by 295,660 shares, a 34% reduction, leaving it with 580,007 shares valued at approximately $44.5 million as of the reporting period.

What Changed in Apg Asset Management US's W. P. Carey Position

Apg Asset Management US trimmed its position in W. P. Carey significantly, lowering its holdings from 875,667 shares to 580,007 shares. This move represents a reduction of about 34%, translating to a decrease of 295,660 shares.

Other Institutional Activity in W. P. Carey

Several other institutional investors also adjusted their positions in W. P. Carey. BlackRock, Inc. increased its holdings by 1,752,163 shares, now owning 30,109,089 shares worth about $2.05 billion. Vanguard Portfolio Management LLC added 19,151,176 shares, bringing its total to 19,151,176 shares valued at $1.3 billion. State Street Corp added 87,371 shares, bringing its total to 12,338,595 shares valued at approximately $849.7 million. Geode Capital Management, LLC increased its stake by 118,307 shares, ending with 4,913,911 shares worth about $333.2 million.

W. P. Carey Inc. Stock Up 7.9%

Shares of NYSE:WPC traded near $76.71. W. P. Carey has a market cap of $17.1 billion and a P/E ratio of 32.8, with a forward P/E of 22.2. The stock has a 52-week low of $61.09 and a high of $76.97, with a 50-day moving average of $73.41 and a 200-day moving average of $69.51. The company maintains a current ratio of 1.27 and a debt-to-equity ratio of 104.7.

Recent Earnings

W. P. Carey reported revenue of $1.74 billion, marking a growth of 8.9%. The company achieved a net margin of 29.7% and a return on equity of 6.3%. The next earnings report is expected on July 28, 2026.

Dividend

W. P. Carey offers an annual dividend rate of $3.76, yielding 4.9% with a payout ratio of 156.4%.

Insider Buying and Selling at W. P. Carey Inc.

Recent insider transactions at W. P. Carey include sales by Chief Accounting Officer Brian Zander, who sold 433 shares at $74 on May 6, 2026, and 635 shares at $74.20 on February 15, 2026. Managing Director Gordon Brooks sold 3,025 shares at $74.20 on February 15, 2026. Meanwhile, Rhonda Gass purchased 396 shares at $69.39 on April 1, 2026.

Analysts Set New Price Targets

On June 1, 2026, Wells Fargo maintained a 'buy' rating with a price target of $80. Barclays kept a 'sell' rating with a target of $78 on May 19, 2026. Scotiabank maintained a 'hold' rating with a $79 target on May 12, 2026. The consensus rating is 'hold' with a mean target price of $78 based on 12 analyst opinions.

About W. P. Carey

W. P. Carey Inc. is one of the largest net lease real estate investment trusts (REITs), with a diverse portfolio of commercial real estate properties. The company focuses on single-tenant, industrial, warehouse, and retail properties across the U.S. and Europe. Headquartered in New York, W. P. Carey was founded in 1973 and is led by CEO Mr. Jason E. Fox.

Bottom Line

Apg Asset Management US has significantly reduced its stake in W. P. Carey, a major player in the diversified REIT sector. Investors often watch such filings for insights into institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. W. P. Carey remains a key player in the real estate sector with a robust portfolio and steady dividend payouts.