W.P. Carey Inc. (WPC) Shares Bought by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. raised its position in shares of W.P. Carey Inc. (NYSE:WPC) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,460 shares of the company’s stock after buying an additional 4,550 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of W.P. Carey worth $4,224,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WPC. Advisors Asset Management Inc. raised its stake in shares of W.P. Carey by 3,189.1% in the third quarter. Advisors Asset Management Inc. now owns 1,809 shares of the company’s stock valued at $117,000 after buying an additional 1,754 shares during the last quarter. AllSquare Wealth Management LLC raised its stake in shares of W.P. Carey by 11.1% in the second quarter. AllSquare Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $139,000 after buying an additional 200 shares during the last quarter. Logan Capital Management Inc. purchased a new stake in shares of W.P. Carey during the second quarter valued at $201,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of W.P. Carey by 4.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,188 shares of the company’s stock valued at $221,000 after buying an additional 129 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of W.P. Carey during the second quarter valued at $226,000. 48.39% of the stock is currently owned by hedge funds and other institutional investors.
W.P. Carey Inc. (NYSE:WPC) traded down 0.33% during trading on Friday, hitting $60.67. The company had a trading volume of 204,237 shares. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 23.98 and a beta of 0.86. W.P. Carey Inc. has a one year low of $51.12 and a one year high of $72.89. The stock has a 50-day moving average of $59.40 and a 200 day moving average of $63.90.
W.P. Carey (NYSE:WPC) last released its earnings results on Thursday, November 3rd. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.17. W.P. Carey had a return on equity of 7.71% and a net margin of 30.17%. The company had revenue of $204.20 million for the quarter, compared to the consensus estimate of $176.33 million. During the same quarter in the previous year, the company posted $1.19 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that W.P. Carey Inc. will post $2.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.99 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $3.96 annualized dividend and a yield of 6.51%. W.P. Carey’s dividend payout ratio is currently 156.52%.
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Several brokerages have recently weighed in on WPC. Zacks Investment Research raised W.P. Carey from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. Wells Fargo & Company reissued a “hold” rating on shares of W.P. Carey in a report on Sunday, September 25th. Finally, BMO Capital Markets reissued a “buy” rating and set a $81.00 price objective on shares of W.P. Carey in a report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.63.
In other W.P. Carey news, Director Mary M. Vandeweghe acquired 940 shares of the company’s stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $58.67 per share, for a total transaction of $55,149.80. Following the completion of the purchase, the director now directly owns 7,484 shares of the company’s stock, valued at $439,086.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark A. Alexander acquired 4,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average price of $57.73 per share, for a total transaction of $230,920.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $230,920. The disclosure for this purchase can be found here. 1.68% of the stock is owned by company insiders.
W.P. Carey 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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