Global X Management Co LLC lifted its holdings in WP Carey Inc (NYSE:WPC) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,449 shares of the real estate investment trust’s stock after purchasing an additional 9,039 shares during the quarter. Global X Management Co LLC’s holdings in WP Carey were worth $2,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of WP Carey by 1.7% in the second quarter. BlackRock Inc. now owns 7,228,551 shares of the real estate investment trust’s stock worth $479,613,000 after purchasing an additional 124,191 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of WP Carey by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,584,041 shares of the real estate investment trust’s stock worth $105,101,000 after purchasing an additional 45,940 shares during the last quarter. UBS Group AG raised its stake in shares of WP Carey by 2.7% in the first quarter. UBS Group AG now owns 1,522,530 shares of the real estate investment trust’s stock worth $94,381,000 after purchasing an additional 39,311 shares during the last quarter. Royal Bank of Canada raised its stake in shares of WP Carey by 3.0% in the first quarter. Royal Bank of Canada now owns 1,171,367 shares of the real estate investment trust’s stock worth $72,614,000 after purchasing an additional 34,049 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of WP Carey by 7.6% in the first quarter. Northern Trust Corp now owns 1,134,813 shares of the real estate investment trust’s stock worth $70,346,000 after purchasing an additional 79,794 shares during the last quarter. Hedge funds and other institutional investors own 48.79% of the company’s stock.

WPC has been the subject of several recent analyst reports. Wells Fargo & Co boosted their price target on WP Carey from $65.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 14th. Zacks Investment Research cut WP Carey from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Finally, Bank of America boosted their price target on WP Carey from $59.00 to $66.25 and gave the stock an “underperform” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $71.81.

WP Carey stock opened at $65.77 on Friday. The firm has a market cap of $7.08 billion, a P/E ratio of 12.41, a PEG ratio of 3.14 and a beta of 0.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.19 and a quick ratio of 0.19. WP Carey Inc has a one year low of $59.23 and a one year high of $72.41.

WP Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.50). The firm had revenue of $201.14 million for the quarter, compared to analysts’ expectations of $213.21 million. WP Carey had a net margin of 38.18% and a return on equity of 8.51%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. research analysts anticipate that WP Carey Inc will post 5.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, September 28th. This is a boost from WP Carey’s previous quarterly dividend of $1.02. WP Carey’s dividend payout ratio is 76.98%.

About WP Carey

Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of over $11 billion and a portfolio of operationally-critical commercial real estate totaling 878 properties covering approximately 87 million square feet. For over four decades the Company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.

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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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