Daiwa Securities Group Inc. Has $1.29 Million Stake in W.P. Carey Inc. (NYSE:WPC)
Daiwa Securities Group Inc. boosted its position in W.P. Carey Inc. (NYSE:WPC) by 16.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,500 shares of the real estate investment trust’s stock after buying an additional 2,800 shares during the period. Daiwa Securities Group Inc.’s holdings in W.P. Carey were worth $1,287,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of W.P. Carey during the fourth quarter worth about $527,000. AQR Capital Management LLC increased its stake in shares of W.P. Carey by 29.8% in the fourth quarter. AQR Capital Management LLC now owns 18,079 shares of the real estate investment trust’s stock worth $1,069,000 after buying an additional 4,155 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of W.P. Carey by 34.0% in the fourth quarter. Teachers Advisors LLC now owns 157,320 shares of the real estate investment trust’s stock worth $9,296,000 after buying an additional 39,897 shares during the last quarter. Creative Planning increased its stake in shares of W.P. Carey by 0.4% in the first quarter. Creative Planning now owns 24,216 shares of the real estate investment trust’s stock worth $1,507,000 after buying an additional 100 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of W.P. Carey by 17.0% in the first quarter. Bank of Montreal Can now owns 45,242 shares of the real estate investment trust’s stock worth $2,814,000 after buying an additional 6,580 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.
Shares of W.P. Carey Inc. (WPC) opened at 66.46 on Thursday. The firm has a market capitalization of $7.08 billion, a P/E ratio of 26.81 and a beta of 0.88. The stock has a 50 day moving average of $67.36 and a 200-day moving average of $64.28. W.P. Carey Inc. has a 1-year low of $55.77 and a 1-year high of $69.73.
W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by $0.56. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The business had revenue of $221.52 million for the quarter, compared to analysts’ expectations of $221.19 million. During the same period in the previous year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts expect that W.P. Carey Inc. will post $2.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $1.00 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $4.00 annualized dividend and a dividend yield of 6.02%. W.P. Carey’s payout ratio is presently 154.44%.
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A number of equities research analysts have issued reports on WPC shares. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Tuesday, May 23rd. ValuEngine downgraded shares of W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Evercore ISI downgraded shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, June 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $69.00 price objective (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $67.75.
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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