California Public Employees Retirement System Grows Holdings in W.P. Carey Inc. REIT (WPC)

California Public Employees Retirement System grew its holdings in W.P. Carey Inc. REIT (NYSE:WPC) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,644 shares of the real estate investment trust’s stock after purchasing an additional 17,444 shares during the quarter. California Public Employees Retirement System owned about 0.17% of W.P. Carey Inc. REIT worth $12,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of W.P. Carey Inc. REIT by 14.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,984 shares of the real estate investment trust’s stock valued at $2,964,000 after buying an additional 5,548 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of W.P. Carey Inc. REIT by 11.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 144,134 shares of the real estate investment trust’s stock valued at $9,720,000 after buying an additional 14,529 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of W.P. Carey Inc. REIT during the 3rd quarter valued at approximately $230,000. Beacon Investment Advisory Services Inc. purchased a new stake in shares of W.P. Carey Inc. REIT during the 3rd quarter valued at approximately $4,605,000. Finally, Laurel Wealth Advisors Inc. raised its position in shares of W.P. Carey Inc. REIT by 57.4% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 8,189 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 2,986 shares during the period. 48.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of W.P. Carey Inc. REIT (NYSE WPC) opened at $68.92 on Tuesday. W.P. Carey Inc. REIT has a 1-year low of $57.58 and a 1-year high of $72.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $7,370.00, a P/E ratio of 29.71, a P/E/G ratio of 3.83 and a beta of 0.94.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 5.86%. The ex-dividend date is Thursday, December 28th. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is 173.28%.

Several analysts have recently commented on the stock. ValuEngine raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Robert W. Baird assumed coverage on shares of W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price target on the stock. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Evercore ISI lowered shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research lowered shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. W.P. Carey Inc. REIT has a consensus rating of “Hold” and a consensus target price 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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