State Board of Administration of Florida Retirement System increased its holdings in shares of W. P. Carey Inc. (NYSE:WPC – Get Rating) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,769 shares of the real estate investment trust’s stock after acquiring an additional 1,280 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.10% of W. P. Carey worth $16,628,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of W. P. Carey during the 1st quarter worth $26,000. Acadian Asset Management LLC acquired a new stake in W. P. Carey during the first quarter worth about $26,000. Retirement Financial Solutions LLC bought a new position in W. P. Carey in the 4th quarter valued at about $28,000. Core Wealth Advisors Inc. increased its holdings in W. P. Carey by 66.7% in the 3rd quarter. Core Wealth Advisors Inc. now owns 375 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 150 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of W. P. Carey by 9,375.0% in the 3rd quarter. Versant Capital Management Inc now owns 379 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WPC shares. StockNews.com began coverage on shares of W. P. Carey in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. JMP Securities reiterated a “market outperform” rating and issued a $86.00 price target on shares of W. P. Carey in a research note on Tuesday, March 21st. 92 Resources restated a “maintains” rating on shares of W. P. Carey in a research report on Monday, May 1st. Finally, Royal Bank of Canada lifted their target price on W. P. Carey from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.80.
W. P. Carey Stock Up 1.4 %
W. P. Carey (NYSE:WPC – Get Rating) last issued its earnings results on Friday, April 28th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.12. The business had revenue of $427.80 million during the quarter, compared to analysts’ expectations of $406.24 million. W. P. Carey had a return on equity of 8.47% and a net margin of 47.26%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, equities analysts predict that W. P. Carey Inc. will post 5.18 EPS for the current fiscal year.
W. P. Carey Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $1.067 dividend. This represents a $4.27 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend was Thursday, March 30th. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.07. W. P. Carey’s dividend payout ratio (DPR) is 119.94%.
Insider Buying and Selling
In other W. P. Carey news, Director Mark A. Alexander purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were bought at an average price of $72.48 per share, for a total transaction of $72,480.00. Following the completion of the acquisition, the director now owns 26,118 shares in the company, valued at $1,893,032.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by corporate insiders.
W. P. Carey Company Profile
W.P. Carey, Inc is an investment trust company, which engages in the commercial real estate business. It operates through the Real Estate and Investment Management segments. The Real Estate segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for real estate investment trusts, and manages portfolios of real estate investments.
Read More
- Get a free copy of the StockNews.com research report on W. P. Carey (WPC)
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