9,887 Shares in W.P. Carey Inc. REIT (WPC) Acquired by Oak Point Wealth Management

Oak Point Wealth Management acquired a new position in shares of W.P. Carey Inc. REIT (NYSE:WPC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,887 shares of the real estate investment trust’s stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPC. Vanguard Group Inc. grew its position in W.P. Carey Inc. REIT by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,582,908 shares of the real estate investment trust’s stock valued at $1,094,638,000 after acquiring an additional 482,940 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of W.P. Carey Inc. REIT by 5.5% in the 2nd quarter. BlackRock Inc. now owns 6,873,666 shares of the real estate investment trust’s stock worth $453,731,000 after buying an additional 356,041 shares during the period. State Street Corp lifted its holdings in shares of W.P. Carey Inc. REIT by 6.0% in the 2nd quarter. State Street Corp now owns 2,053,913 shares of the real estate investment trust’s stock worth $135,575,000 after buying an additional 116,309 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of W.P. Carey Inc. REIT by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,438,563 shares of the real estate investment trust’s stock worth $96,948,000 after buying an additional 43,259 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of W.P. Carey Inc. REIT by 14.0% in the 2nd quarter. Northern Trust Corp now owns 1,009,533 shares of the real estate investment trust’s stock worth $66,638,000 after buying an additional 124,056 shares during the period. 48.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on WPC shares. ValuEngine upgraded W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Evercore ISI cut W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research note on Monday, December 11th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Robert W. Baird initiated coverage on W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price target for the company. Finally, Zacks Investment Research cut W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $70.00.

W.P. Carey Inc. REIT (NYSE WPC) traded up $0.67 during trading on Tuesday, reaching $65.59. The company had a trading volume of 234,233 shares, compared to its average volume of 307,602. The firm has a market capitalization of $6,940.00, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 3.53 and a beta of 0.94. W.P. Carey Inc. REIT has a 12-month low of $59.41 and a 12-month high of $72.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.72 million. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. W.P. Carey Inc. REIT’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. sell-side analysts anticipate that W.P. Carey Inc. REIT will post 4.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend 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 174.14%.

WARNING: “9,887 Shares in W.P. Carey Inc. REIT (WPC) Acquired by Oak Point Wealth Management” was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/oak-point-wealth-management-buys-shares-of-9887-w-p-carey-inc-reit-wpc/1820796.html.

About W.P. Carey Inc. REIT

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)

Receive News & Ratings for W.P. Carey Inc. REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. REIT and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.