Vident Investment Advisory LLC Takes $303,000 Position in W.P. Carey Inc. REIT (NYSE:WPC)

Vident Investment Advisory LLC acquired a new stake in W.P. Carey Inc. REIT (NYSE:WPC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,489 shares of the real estate investment trust’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Koch Industries Inc. bought a new position in shares of W.P. Carey Inc. REIT in the second quarter worth approximately $670,000. Vanguard Group Inc. lifted its stake in shares of W.P. Carey Inc. REIT by 3.0% in the second quarter. Vanguard Group Inc. now owns 16,582,908 shares of the real estate investment trust’s stock worth $1,094,638,000 after buying an additional 482,940 shares in the last quarter. BlackRock Inc. lifted its stake in shares of W.P. Carey Inc. REIT by 5.5% in the second quarter. BlackRock Inc. now owns 6,873,666 shares of the real estate investment trust’s stock worth $453,731,000 after buying an additional 356,041 shares in the last quarter. Northern Trust Corp lifted its stake in shares of W.P. Carey Inc. REIT by 14.0% in the second quarter. Northern Trust Corp now owns 1,009,533 shares of the real estate investment trust’s stock worth $66,638,000 after buying an additional 124,056 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of W.P. Carey Inc. REIT by 6.0% in the second quarter. State Street Corp now owns 2,053,913 shares of the real estate investment trust’s stock worth $135,575,000 after buying an additional 116,309 shares in the last quarter. Institutional investors own 48.74% of the company’s stock.

A number of brokerages recently weighed in on WPC. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Evercore ISI cut shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research note on Monday, December 11th. Robert W. Baird started coverage on shares of W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective for the company. Zacks Investment Research cut shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, ValuEngine raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $70.00.

W.P. Carey Inc. REIT (NYSE WPC) traded down $0.06 during mid-day trading on Thursday, reaching $65.43. 381,079 shares of the company’s stock traded hands, compared to its average volume of 321,560. The company has a market capitalization of $7,000.00, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.67 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. REIT has a fifty-two week low of $59.41 and a fifty-two week high of $72.41.

W.P. Carey Inc. REIT (NYSE:WPC) last released its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.21. The firm had revenue of $210.00 million during the quarter, compared to analyst estimates of $212.72 million. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. research analysts anticipate that W.P. Carey Inc. REIT will post 4.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $1.01 per share. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $4.04 dividend on an annualized basis and a yield of 6.17%. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is presently 174.14%.

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W.P. Carey Inc. REIT Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Institutional Ownership by Quarter for W.P. Carey Inc. REIT (NYSE:WPC)

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