Deutsche Bank AG Buys 4,686 Shares of W.P. Carey Inc. REIT (WPC)

Deutsche Bank AG raised its stake in W.P. Carey Inc. REIT (NYSE:WPC) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 112,421 shares of the real estate investment trust’s stock after buying an additional 4,686 shares during the period. Deutsche Bank AG’s holdings in W.P. Carey Inc. REIT were worth $7,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new stake in shares of W.P. Carey Inc. REIT during the fourth quarter valued at $255,000. Jefferies Group LLC boosted its position in shares of W.P. Carey Inc. REIT by 170.5% during the fourth quarter. Jefferies Group LLC now owns 21,743 shares of the real estate investment trust’s stock valued at $1,498,000 after buying an additional 13,704 shares during the last quarter. Dynamic Capital Management Ltd purchased a new stake in shares of W.P. Carey Inc. REIT during the fourth quarter valued at $528,000. Nomura Asset Management Co. Ltd. boosted its position in shares of W.P. Carey Inc. REIT by 9.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 67,400 shares of the real estate investment trust’s stock valued at $4,644,000 after buying an additional 5,620 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of W.P. Carey Inc. REIT by 28.8% during the fourth quarter. AMP Capital Investors Ltd now owns 61,147 shares of the real estate investment trust’s stock valued at $4,213,000 after buying an additional 13,658 shares during the last quarter. 50.33% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently commented on WPC shares. Zacks Investment Research raised W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, March 20th. Capital One Financial reaffirmed an “equal weight” rating on shares of W.P. Carey Inc. REIT in a research report on Sunday, February 25th. ValuEngine cut W.P. Carey Inc. REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Evercore ISI cut W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $70.00.

Shares of NYSE:WPC opened at $62.32 on Friday. The stock has a market capitalization of $6,688.52, a price-to-earnings ratio of 11.76, a PEG ratio of 3.91 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.34. W.P. Carey Inc. REIT has a 52-week low of $59.23 and a 52-week high of $72.41.

W.P. Carey Inc. REIT (NYSE:WPC) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $196.96 million for the quarter, compared to analysts’ expectations of $210.92 million. W.P. Carey Inc. REIT had a return on equity of 8.05% and a net margin of 36.17%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. equities analysts anticipate that W.P. Carey Inc. REIT will post 4.87 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a $1.015 dividend. This represents a $4.06 annualized dividend and a yield of 6.51%. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date is Wednesday, March 28th. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is presently 76.60%.

In other news, Director Peter Farrell bought 2,035 shares of the company’s stock in a transaction on Monday, March 12th. The shares were acquired at an average cost of $61.88 per share, with a total value of $125,925.80. Following the completion of the transaction, the director now owns 4,378 shares of the company’s stock, valued at approximately $270,910.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher Niehaus bought 4,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was purchased at an average cost of $62.28 per share, for a total transaction of $249,120.00. Following the completion of the transaction, the director now directly owns 5,188 shares of the company’s stock, valued at approximately $323,108.64. The disclosure for this purchase can be found here. Company insiders own 1.32% of the company’s stock.

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

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