Optimum Investment Advisors Acquires 400 Shares of W.P. Carey Inc. (WPC)
Optimum Investment Advisors boosted its holdings in W.P. Carey Inc. (NYSE:WPC) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,100 shares of the real estate investment trust’s stock after buying an additional 400 shares during the quarter. Optimum Investment Advisors’ holdings in W.P. Carey were worth $271,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Ffcm LLC increased its holdings in shares of W.P. Carey by 179.3% in the second quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,092 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter valued at $115,000. QCI Asset Management Inc. NY lifted its position in shares of W.P. Carey by 148.7% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 1,078 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of W.P. Carey during the 2nd quarter valued at $128,000. Finally, D. Scott Neal Inc. lifted its position in shares of W.P. Carey by 12.3% during the 2nd quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 48.76% of the company’s stock.
WPC has been the subject of several research reports. BidaskClub raised W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. ValuEngine raised W.P. Carey from a “hold” rating to a “buy” rating in a research report on Monday. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research report on Friday, June 16th. Evercore ISI downgraded W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price for the company. in a report on Monday, June 12th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $69.00 target price (up from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.75.
W.P. Carey Inc. (NYSE WPC) remained flat at $68.01 on Wednesday. The company had a trading volume of 30,890 shares. The company has a 50-day moving average price of $68.42 and a 200 day moving average price of $65.93. The firm has a market cap of $7.23 billion, a PE ratio of 27.31 and a beta of 0.86. W.P. Carey Inc. has a 12 month low of $55.77 and a 12 month high of $70.38.
W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.56). W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The company had revenue of $221.52 million during the quarter, compared to analyst estimates of $221.19 million. During the same period last year, the company earned $1.24 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $1.005 per share. The ex-dividend date is Friday, September 29th. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.02 dividend on an annualized basis and a dividend yield of 5.91%. W.P. Carey’s payout ratio is 155.21%.
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W.P. Carey 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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