37,841 Shares in W.P. Carey Inc. $WPC Purchased by Capital Square LLC

Capital Square LLC purchased a new stake in shares of W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 37,841 shares of the real estate investment trust’s stock, valued at approximately $2,712,000. W.P. Carey makes up 1.2% of Capital Square LLC’s portfolio, making the stock its 20th biggest position.

A number of other large investors also recently bought and sold shares of WPC. Laurel Wealth Advisors LLC purchased a new stake in W.P. Carey in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of W.P. Carey during the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC purchased a new position in shares of W.P. Carey during the 4th quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new position in shares of W.P. Carey in the 2nd quarter valued at $30,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of W.P. Carey in the 3rd quarter valued at $33,000. 73.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPC has been the topic of a number of recent analyst reports. Evercore set a $77.00 price target on shares of W.P. Carey in a report on Thursday, July 30th. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a research report on Monday, June 8th. Bank of America upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $73.00 to $83.00 in a research report on Tuesday, June 16th. BNP Paribas Exane upgraded W.P. Carey from a “neutral” rating to an “outperform” rating and raised their target price for the company from $73.00 to $88.00 in a research report on Wednesday, July 29th. Finally, Citigroup restated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.38.

W.P. Carey Trading Up 0.2%

Shares of NYSE:WPC opened at $71.31 on Monday. The business’s 50 day moving average price is $72.71 and its 200-day moving average price is $72.55. W.P. Carey Inc. has a 1 year low of $63.08 and a 1 year high of $77.22. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.55 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22.

W.P. Carey Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.3%. 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.