Wealthfront Advisers LLC acquired a new position in shares of W.P. Carey Inc. (NYSE:WPC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,736 shares of the real estate investment trust's stock, valued at approximately $5,773,000.
Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in W.P. Carey in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of W.P. Carey in the fourth quarter valued at $26,000. Osbon Capital Management LLC bought a new position in shares of W.P. Carey in the fourth quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in W.P. Carey during the 2nd quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new position in W.P. Carey during the 3rd quarter worth about $33,000. Institutional investors own 73.73% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. UBS Group restated a "neutral" rating on shares of W.P. Carey in a research report on Wednesday, July 29th. Bank of America upgraded shares of W.P. Carey from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $73.00 to $83.00 in a research report on Tuesday, June 16th. Citigroup reiterated a "market perform" rating on shares of W.P. Carey in a research report on Thursday, June 18th. Wolfe Research raised W.P. Carey from a "peer perform" rating to an "outperform" rating and set a $85.00 target price for the company in a research note on Monday, June 8th. Finally, BNP Paribas Exane raised W.P. Carey from a "neutral" rating to an "outperform" rating and upped their price target for the company from $73.00 to $88.00 in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $79.38.
Read Our Latest Report on WPC
W.P. Carey Stock Performance
Shares of W.P. Carey stock opened at $72.12 on Friday. The firm has a fifty day moving average of $72.82 and a two-hundred day moving average of $72.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 3.59 and a beta of 0.75. W.P. Carey Inc. has a 52 week low of $63.08 and a 52 week high of $77.22.
W.P. Carey Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 5.2%. This is an increase from W.P. Carey's previous quarterly dividend of $0.93. The ex-dividend date was Tuesday, June 30th. W.P. Carey's dividend payout ratio (DPR) is 128.33%.
W.P. Carey Profile
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider W.P. Carey, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.P. Carey wasn't on the list.
While W.P. Carey currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
