WP Carey Inc (NYSE:WPC)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $78.60 and last traded at $78.40, with a volume of 23851 shares. The stock had previously closed at $77.93.

Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of WP Carey from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. ValuEngine upgraded shares of WP Carey from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Capital One Financial reiterated an “equal weight” rating on shares of WP Carey in a research report on Tuesday, March 5th. JPMorgan Chase & Co. assumed coverage on shares of WP Carey in a research report on Wednesday, December 19th. They set a “neutral” rating and a $73.00 price objective on the stock. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of WP Carey in a research report on Tuesday. They set a “neutral” rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. WP Carey has an average rating of “Hold” and an average target price of $72.25.

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 14.59 and a beta of 0.60.

WP Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, February 22nd. The real estate investment trust reported $1.33 EPS for the quarter, beating the consensus estimate of $1.30 by $0.03. WP Carey had a net margin of 49.68% and a return on equity of 9.81%. The business had revenue of $273.40 million for the quarter, compared to analysts’ expectations of $283.87 million. During the same period in the previous year, the company posted $1.18 EPS. WP Carey’s revenue was up 39.0% on a year-over-year basis. As a group, sell-side analysts expect that WP Carey Inc will post 4.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.032 per share. This is a boost from WP Carey’s previous quarterly dividend of $1.03. This represents a $4.13 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Thursday, March 28th. WP Carey’s payout ratio is currently 76.44%.

Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its stake in shares of WP Carey by 1.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,850 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 135 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of WP Carey by 40.5% in the 4th quarter. Proficio Capital Partners LLC now owns 486 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of WP Carey by 2.5% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 6,144 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 150 shares during the last quarter. Certified Advisory Corp lifted its stake in shares of WP Carey by 13.3% in the 4th quarter. Certified Advisory Corp now owns 1,360 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 160 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of WP Carey by 1.1% in the 4th quarter. Advisors Asset Management Inc. now owns 14,752 shares of the real estate investment trust’s stock valued at $964,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 51.10% of the company’s stock.

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About WP Carey (NYSE:WPC)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 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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