AlphaCrest Capital Management LLC Acquires 1,148 Shares of W. P. Carey Inc. (NYSE:WPC)

AlphaCrest Capital Management LLC increased its holdings in W. P. Carey Inc. (NYSE:WPCGet Rating) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,422 shares of the real estate investment trust’s stock after buying an additional 1,148 shares during the period. AlphaCrest Capital Management LLC’s holdings in W. P. Carey were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Outfitter Financial LLC bought a new position in W. P. Carey in the fourth quarter worth approximately $25,000. TimeScale Financial Inc. acquired a new position in shares of W. P. Carey during the fourth quarter worth $28,000. Wolff Wiese Magana LLC acquired a new position in shares of W. P. Carey during the fourth quarter worth $44,000. Desjardins Global Asset Management Inc. acquired a new position in shares of W. P. Carey during the fourth quarter worth $46,000. Finally, National Bank of Canada FI acquired a new position in shares of W. P. Carey during the fourth quarter worth $48,000. 58.86% of the stock is owned by institutional investors.

NYSE WPC opened at $81.34 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.20 and a quick ratio of 0.20. The stock’s fifty day moving average price is $81.09 and its 200 day moving average price is $79.23. W. P. Carey Inc. has a 1 year low of $72.90 and a 1 year high of $86.48. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 7.36 and a beta of 0.70.

W. P. Carey (NYSE:WPCGet Rating) last posted its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.43 by $0.39. W. P. Carey had a net margin of 37.65% and a return on equity of 6.88%. The company had revenue of $344.10 million for the quarter, compared to analyst estimates of $340.96 million. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Research analysts expect that W. P. Carey Inc. will post 5.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were issued a $1.057 dividend. This represents a $4.23 annualized dividend and a yield of 5.20%. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, March 30th. W. P. Carey’s dividend payout ratio is presently 153.26%.

A number of equities analysts have recently issued reports on the company. Bank of America raised W. P. Carey from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 20th. JMP Securities assumed coverage on W. P. Carey in a research report on Tuesday. They set an “outperform” rating and a $87.00 price target on the stock. Raymond James assumed coverage on W. P. Carey in a research report on Thursday, April 14th. They set an “outperform” rating and a $90.00 price target on the stock. StockNews.com raised W. P. Carey from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, Zacks Investment Research downgraded W. P. Carey from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $88.71.

W. P. Carey Company Profile (Get Rating)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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