Claraphi Advisory Network LLC Takes $347,000 Position in W.P. Carey Inc. REIT (NYSE:WPC)

Claraphi Advisory Network LLC purchased a new stake in W.P. Carey Inc. REIT (NYSE:WPC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,033 shares of the real estate investment trust’s stock, valued at approximately $347,000.

A number of other institutional investors also recently modified their holdings of WPC. Berkshire Asset Management LLC PA increased its holdings in W.P. Carey Inc. REIT by 9.1% in the 4th quarter. Berkshire Asset Management LLC PA now owns 293,092 shares of the real estate investment trust’s stock valued at $20,194,000 after purchasing an additional 24,344 shares during the last quarter. IFP Advisors Inc boosted its position in W.P. Carey Inc. REIT by 6.7% in the 4th quarter. IFP Advisors Inc now owns 48,185 shares of the real estate investment trust’s stock valued at $3,320,000 after buying an additional 3,046 shares during the period. Griffin Asset Management Inc. purchased a new position in W.P. Carey Inc. REIT in the 3rd quarter valued at approximately $602,000. JPMorgan Chase & Co. boosted its position in W.P. Carey Inc. REIT by 37.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 394,251 shares of the real estate investment trust’s stock valued at $27,026,000 after buying an additional 106,410 shares during the period. Finally, California Public Employees Retirement System boosted its position in W.P. Carey Inc. REIT by 10.4% in the 3rd quarter. California Public Employees Retirement System now owns 184,644 shares of the real estate investment trust’s stock valued at $12,443,000 after buying an additional 17,444 shares during the period. 48.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of W.P. Carey Inc. REIT (NYSE:WPC) traded down $0.30 during midday trading on Tuesday, hitting $60.80. 46,622 shares of the company’s stock traded hands, compared to its average volume of 385,575. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $6,537.52, a P/E ratio of 26.49, a PEG ratio of 3.32 and a beta of 0.81. W.P. Carey Inc. REIT has a 12 month low of $59.23 and a 12 month high of $72.41.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $1.01 per share. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date was Thursday, December 28th. This represents a $4.04 annualized dividend and a dividend yield of 6.64%. W.P. Carey Inc. REIT’s dividend payout ratio is presently 175.65%.

Several research firms have recently issued reports on WPC. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a research report 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 report on Monday, December 11th. Robert W. Baird assumed 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 on the stock. Finally, Zacks Investment Research lowered shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.00.

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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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