W.P. Carey Inc. (NYSE:WPC) Declares Quarterly Dividend of $0.95

W.P. Carey Inc. (NYSE:WPC) announced a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.95 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, September 30th. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.94.

W.P. Carey has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. W.P. Carey has a dividend payout ratio of 139.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W.P. Carey to earn $5.27 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 71.3%.

W.P. Carey Stock Performance

NYSE:WPC traded down $0.29 on Friday, reaching $66.23. 4,054,568 shares of the company’s stock were exchanged, compared to its average volume of 1,390,003. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 3.31 and a beta of 0.75. W.P. Carey has a 52 week low of $63.08 and a 52 week high of $77.22. The stock has a fifty day simple moving average of $71.82 and a 200-day simple moving average of $72.19.

Institutional Investors Weigh In On W.P. Carey

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC bought a new position in W.P. Carey in the fourth quarter worth $26,000. Osbon Capital Management LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at $29,000. Avalon Trust Co bought a new stake in shares of W.P. Carey during the 2nd quarter valued at $36,000. Frazier Financial Advisors LLC purchased a new stake in shares of W.P. Carey in the 1st quarter worth about $40,000. Finally, Ancora Advisors LLC purchased a new stake in shares of W.P. Carey in the 2nd quarter worth about $41,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

About W.P. Carey

W.P. Carey Inc (NYSE: WPC) is a diversified real estate investment trust that owns and manages a portfolio of commercial properties leased to companies under long-term, primarily net lease agreements. Under these arrangements, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate contractual rental income.

The company invests in and provides sale-leaseback and build-to-suit financing solutions for businesses. Its portfolio has historically included industrial and warehouse facilities, retail properties, office buildings, self-storage facilities and other commercial real estate.