12,271 Shares in W.P. Carey Inc. $WPC Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. acquired a new stake in W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,271 shares of the real estate investment trust’s stock, valued at approximately $877,000.

Several other large investors also recently bought and sold shares of WPC. Laurel Wealth Advisors LLC acquired a new position in shares of W.P. Carey during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new stake in W.P. Carey during the 4th quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in W.P. Carey during the 4th quarter valued at $29,000. Headlands Technologies LLC purchased a new stake in W.P. Carey during the 2nd quarter worth $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in W.P. Carey during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Down 0.8%

Shares of W.P. Carey stock opened at $70.08 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.01. The firm has a market cap of $15.96 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.52 and a beta of 0.75. W.P. Carey Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $77.22. The business has a 50-day moving average price of $73.27 and a 200 day moving average price of $72.41.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.94 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date was Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey’s dividend payout ratio (DPR) is presently 128.33%.

Analysts Set New Price Targets

A number of brokerages have commented on WPC. Royal Bank Of Canada boosted their price objective on shares of W.P. Carey from $73.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Evercore set a $77.00 target price on W.P. Carey in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.P. Carey in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, BMO Capital Markets decreased their price target on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.31.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.