W.P. Carey Inc. REIT (NYSE:WPC) Director Peter Farrell purchased 2,035 shares of the stock in a transaction that occurred 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 in the company, valued at $270,910.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE WPC opened at $62.32 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $6,674.62, a PE ratio of 11.76, a P/E/G ratio of 3.91 and a beta of 0.73. W.P. Carey Inc. REIT has a 12 month low of $59.23 and a 12 month high of $72.41.
W.P. Carey Inc. REIT (NYSE:WPC) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The company had revenue of $196.96 million for the quarter, compared to analysts’ expectations of $210.92 million. W.P. Carey Inc. REIT had a net margin of 36.17% and a return on equity of 8.05%. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. equities research analysts anticipate that W.P. Carey Inc. REIT will post 4.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $1.015 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.06 dividend on an annualized basis and a yield of 6.51%. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is currently 76.60%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its position in W.P. Carey Inc. REIT by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 87 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of W.P. Carey Inc. REIT by 7.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,693 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 744 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of W.P. Carey Inc. REIT by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 257,846 shares of the real estate investment trust’s stock worth $17,648,000 after purchasing an additional 840 shares during the period. Park Avenue Securities LLC grew its stake in W.P. Carey Inc. REIT by 28.3% in the 4th quarter. Park Avenue Securities LLC now owns 3,815 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 842 shares during the period. Finally, Macquarie Group Ltd. grew its stake in W.P. Carey Inc. REIT by 3.4% in the 4th quarter. Macquarie Group Ltd. now owns 27,000 shares of the real estate investment trust’s stock valued at $2,001,000 after acquiring an additional 900 shares during the period. 50.33% of the stock is owned by institutional investors.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, March 20th. Capital One Financial reissued an “equal weight” rating on shares of W.P. Carey Inc. REIT in a report on Sunday, February 25th. Evercore ISI lowered shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Finally, ValuEngine lowered shares of W.P. Carey Inc. REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $70.00.
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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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