Coppell Advisory Solutions LLC Invests $595,000 in W.P. Carey Inc. $WPC

Coppell Advisory Solutions LLC bought a new position in W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, HoldingsChannel reports. The fund bought 8,327 shares of the real estate investment trust’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also modified their holdings of WPC. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey during the fourth quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in W.P. Carey during the 4th quarter worth about $29,000. Headlands Technologies LLC purchased a new position in W.P. Carey during the 2nd quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new position in W.P. Carey during the 3rd quarter valued at about $33,000. Finally, LGT Financial Advisors LLC purchased a new position in W.P. Carey during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WPC. Wolfe Research raised shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Monday, June 8th. Royal Bank Of Canada boosted their price objective 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. UBS Group reiterated a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. BNP Paribas Exane upgraded shares of W.P. Carey from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $73.00 to $88.00 in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of W.P. Carey from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.38.

W.P. Carey Stock Performance

Shares of WPC opened at $70.30 on Friday. The company’s fifty day moving average is $72.31 and its 200-day moving average is $72.49. W.P. Carey Inc. has a 12 month low of $63.08 and a 12 month high of $77.22. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 3.52 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.

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 annualized dividend and a dividend yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is currently 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.