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.
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