Vident Investment Advisory LLC acquired a new stake in shares of W.P. Carey Inc. REIT (NYSE:WPC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,489 shares of the real estate investment trust’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of W.P. Carey Inc. REIT by 3.0% during the second quarter. Vanguard Group Inc. now owns 16,582,908 shares of the real estate investment trust’s stock valued at $1,094,638,000 after buying an additional 482,940 shares during the last quarter. BlackRock Inc. grew its holdings in shares of W.P. Carey Inc. REIT by 5.5% during the second quarter. BlackRock Inc. now owns 6,873,666 shares of the real estate investment trust’s stock valued at $453,731,000 after buying an additional 356,041 shares during the last quarter. State Street Corp lifted its position in W.P. Carey Inc. REIT by 6.0% during the second quarter. State Street Corp now owns 2,053,913 shares of the real estate investment trust’s stock valued at $135,575,000 after purchasing an additional 116,309 shares during the period. Dimensional Fund Advisors LP lifted its position in W.P. Carey Inc. REIT by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,438,563 shares of the real estate investment trust’s stock valued at $96,948,000 after purchasing an additional 43,259 shares during the period. Finally, Northern Trust Corp lifted its position in W.P. Carey Inc. REIT by 14.0% during the second quarter. Northern Trust Corp now owns 1,009,533 shares of the real estate investment trust’s stock valued at $66,638,000 after purchasing an additional 124,056 shares during the period. 48.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Evercore ISI downgraded shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Robert W. Baird assumed coverage on shares of W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company. Zacks Investment Research downgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, ValuEngine upgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. W.P. Carey Inc. REIT has a consensus rating of “Hold” and an average price target of $70.00.

W.P. Carey Inc. REIT (NYSE WPC) opened at $69.38 on Wednesday. The firm has a market cap of $7,584.16, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.95 and a beta of 0.94. W.P. Carey Inc. REIT has a 1 year low of $57.58 and a 1 year high of $72.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. sell-side analysts expect that W.P. Carey Inc. REIT will post 4.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 5.82%. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. W.P. Carey Inc. REIT’s dividend payout ratio is 174.78%.

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W.P. Carey Inc. REIT 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.

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

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