Nykredit A S Makes New $5.74 Million Investment in W.P. Carey Inc. $WPC

Nykredit A S acquired a new stake in W.P. Carey Inc. (NYSE:WPC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 80,333 shares of the real estate investment trust’s stock, valued at approximately $5,744,000.

Several other large investors have also made changes to their positions in WPC. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey during the fourth quarter worth $26,000. Osbon Capital Management LLC acquired a new stake in shares of W.P. Carey in the fourth quarter valued at about $29,000. Headlands Technologies LLC acquired a new stake in shares of W.P. Carey in the second quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new stake in shares of W.P. Carey in the third quarter valued at about $33,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of W.P. Carey during the third quarter worth about $34,000. 73.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPC. Evercore set a $77.00 price target on shares of W.P. Carey in a research note on Thursday, July 30th. BNP Paribas Exane upgraded W.P. Carey from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $73.00 to $88.00 in a research note on Wednesday, July 29th. Barclays raised W.P. Carey from an “underweight” rating to an “equal weight” rating and set a $80.00 target price for the company in a report on Friday. Wolfe Research upgraded W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research report on Monday, June 8th. Finally, UBS Group reaffirmed a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, W.P. Carey presently has a consensus rating of “Moderate Buy” and an average price target of $79.38.

W.P. Carey Stock Performance

NYSE:WPC opened at $70.33 on Monday. The company’s 50-day moving average price is $72.24 and its 200-day moving average price is $72.46. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.01. The company has a market cap of $16.02 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.51 and a beta of 0.75. W.P. Carey Inc. has a twelve month low of $63.08 and a twelve month high of $77.22.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is currently 128.33%.

W.P. Carey Profile

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.