Quantinno Capital Management LP Acquires 106,456 Shares of W.P. Carey Inc. $WPC

Quantinno Capital Management LP boosted its holdings in W.P. Carey Inc. (NYSE:WPC) by 61.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 280,897 shares of the real estate investment trust’s stock after acquiring an additional 106,456 shares during the period. Quantinno Capital Management LP’s holdings in W.P. Carey were worth $19,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of W.P. Carey by 416.8% during the 3rd quarter. Invesco Ltd. now owns 3,892,462 shares of the real estate investment trust’s stock valued at $263,014,000 after acquiring an additional 3,139,266 shares during the period. Norges Bank acquired a new position in W.P. Carey in the fourth quarter valued at about $184,035,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in W.P. Carey by 31,629.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,163,285 shares of the real estate investment trust’s stock worth $139,229,000 after purchasing an additional 2,156,467 shares during the period. Wellington Management Group LLP lifted its position in W.P. Carey by 1,183.6% during the third quarter. Wellington Management Group LLP now owns 1,130,402 shares of the real estate investment trust’s stock worth $76,381,000 after purchasing an additional 1,042,334 shares during the period. Finally, Captrust Financial Advisors grew its stake in W.P. Carey by 2,712.0% during the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust’s stock worth $48,128,000 after buying an additional 744,097 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the sale, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is owned by corporate insiders.

W.P. Carey Trading Down 0.6%

Shares of W.P. Carey stock opened at $73.63 on Friday. The firm has a market capitalization of $16.77 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76. The company has a current ratio of 0.22, a quick ratio of 0.35 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average is $73.62 and its 200 day moving average is $72.24. W.P. Carey Inc. has a 1 year low of $63.08 and a 1 year 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 given a $0.94 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 128.33%.

Analysts Set New Price Targets

Several equities analysts have commented on WPC shares. Wolfe Research raised shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Monday, June 8th. Evercore set a $77.00 price target on shares of W.P. Carey in a research report on Thursday. Weiss Ratings raised shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their target price on W.P. Carey from $73.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, UBS Group reaffirmed a “neutral” rating on shares of W.P. Carey in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.31.

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.