Deutsche Bank AG Purchases New Holdings in W.P. Carey Inc. $WPC

Key Points

• Deutsche Bank acquired 1.79 million W.P. Carey shares in the second quarter, valued at approximately $127.8 million and representing 0.78% of the REIT. Institutional investors collectively own 73.73% of the company.
• Analyst sentiment remains mixed, with seven Buy, six Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $79.38 compared with the reported share price of $71.92.
• W.P. Carey raised its quarterly dividend to $0.94 per share, equal to an annualized $3.76 dividend and a 5.2% yield. The company is a diversified net-lease REIT focused on single-tenant commercial properties.

Deutsche Bank AG acquired a new stake in W.P. Carey Inc. (NYSE:WPC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,787,749 shares of the real estate investment trust's stock, valued at approximately $127,824,000. Deutsche Bank AG owned 0.78% of W.P. Carey at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in W.P. Carey during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in W.P. Carey during the fourth quarter worth about $26,000. Osbon Capital Management LLC purchased a new stake in W.P. Carey during the fourth quarter worth about $29,000. Headlands Technologies LLC bought a new stake in W.P. Carey in the second quarter worth about $30,000. Finally, Wealth Watch Advisors INC bought a new stake in W.P. Carey in the third quarter worth about $33,000. Institutional investors own 73.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WPC. Royal Bank Of Canada increased their target price on shares of W.P. Carey from $73.00 to $77.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Citigroup reaffirmed a "market perform" rating on shares of W.P. Carey in a report on Thursday, June 18th. BNP Paribas Exane upgraded W.P. Carey from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $73.00 to $88.00 in a research note on Wednesday, July 29th. Wolfe Research raised W.P. Carey from a "peer perform" rating to an "outperform" rating and set a $85.00 price objective for the company in a report on Monday, June 8th. Finally, Barclays raised their target price on W.P. Carey from $78.00 to $80.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, W.P. Carey currently has an average rating of "Hold" and an average price target of $79.38.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $71.92 on Thursday. The firm has a market capitalization of $16.38 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.54 and a beta of 0.75. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.01. The stock's 50-day simple moving average is $72.89 and its two-hundred day simple moving average is $72.52. W.P. Carey Inc. has a twelve month low of $63.08 and a twelve month high of $77.22.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.2%. This is a positive change from W.P. Carey's previous quarterly dividend of $0.93. W.P. Carey's payout ratio is 128.33%.

W.P. Carey Company Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.

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