IFM Investors Pty Ltd Acquires 4,054 Shares of W. P. Carey Inc. (NYSE:WPC)

IFM Investors Pty Ltd boosted its holdings in W. P. Carey Inc. (NYSE:WPCGet Rating) by 16.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,175 shares of the real estate investment trust’s stock after purchasing an additional 4,054 shares during the quarter. IFM Investors Pty Ltd’s holdings in W. P. Carey were worth $2,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Outfitter Financial LLC bought a new position in W. P. Carey in the 4th quarter worth approximately $25,000. Gibson Wealth Advisors LLC bought a new position in W. P. Carey in the 4th quarter worth approximately $36,000. JJJ Advisors Inc. boosted its stake in W. P. Carey by 40.2% in the 1st quarter. JJJ Advisors Inc. now owns 488 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 140 shares during the period. City State Bank bought a new position in W. P. Carey in the 4th quarter worth approximately $42,000. Finally, CENTRAL TRUST Co boosted its stake in W. P. Carey by 76.7% in the 1st quarter. CENTRAL TRUST Co now owns 530 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 230 shares during the period. 58.86% of the stock is currently owned by institutional investors.

W. P. Carey Stock Performance

NYSE:WPC opened at $84.62 on Friday. The stock’s fifty day moving average is $83.58 and its 200 day moving average is $81.00. W. P. Carey Inc. has a fifty-two week low of $73.02 and a fifty-two week high of $89.63. The firm has a market capitalization of $16.32 billion, a PE ratio of 30.77, a PEG ratio of 9.19 and a beta of 0.67. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.20 and a current ratio of 0.11.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $1.059 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $4.24 dividend on an annualized basis and a yield of 5.01%. W. P. Carey’s dividend payout ratio (DPR) is presently 154.18%.

Analyst Ratings Changes

A number of research firms have recently commented on WPC. StockNews.com downgraded W. P. Carey from a “buy” rating to a “hold” rating in a research report on Wednesday, June 1st. JMP Securities increased their target price on W. P. Carey from $87.00 to $93.00 and gave the company a “market outperform” rating in a research report on Wednesday. Wolfe Research began coverage on W. P. Carey in a research report on Monday, June 27th. They set a “market perform” rating and a $88.00 target price for the company. Evercore ISI set a $89.00 target price on W. P. Carey in a research report on Monday, June 20th. Finally, Royal Bank of Canada increased their target price on W. P. Carey from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.80.

W. P. Carey Company Profile

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W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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