Wells Fargo & Company MN raised its holdings in W.P. Carey Inc. REIT (NYSE:WPC) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 472,902 shares of the real estate investment trust’s stock after acquiring an additional 26,389 shares during the quarter. Wells Fargo & Company MN owned approximately 0.44% of W.P. Carey Inc. REIT worth $31,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in WPC. Ffcm LLC grew its position in W.P. Carey Inc. REIT by 179.3% in the 2nd quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 1,092 shares during the last quarter. Bruderman Asset Management LLC bought a new position in W.P. Carey Inc. REIT in the 2nd quarter valued at $115,000. QCI Asset Management Inc. NY grew its position in W.P. Carey Inc. REIT by 148.7% in 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 bought a new position in W.P. Carey Inc. REIT in the 2nd quarter valued at $128,000. Finally, Legg Mason Asset Management Japan Co. Ltd. bought a new position in W.P. Carey Inc. REIT in the 2nd quarter valued at $172,000. 48.76% of the stock is currently owned by institutional investors.

Shares of W.P. Carey Inc. REIT (NYSE:WPC) traded up $0.53 during mid-day trading on Thursday, hitting $70.37. The company’s stock had a trading volume of 314,600 shares, compared to its average volume of 309,967. W.P. Carey Inc. REIT has a twelve month low of $57.58 and a twelve month high of $72.41. The stock has a market cap of $7,466.56, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.89 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 5.74%. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date is Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio is currently 174.78%.

WPC has been the subject of several research reports. BidaskClub upgraded W.P. Carey Inc. REIT from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey Inc. REIT in a report on Friday, September 1st. ValuEngine upgraded W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird initiated coverage on W.P. Carey Inc. REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 target price for the company. Finally, Zacks Investment Research cut W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $70.00.

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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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