Nisa Investment Advisors LLC increased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 1,716.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the real estate investment trust’s stock after buying an additional 5,150 shares during the period. Nisa Investment Advisors LLC’s holdings in W.P. Carey were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of W.P. Carey by 2.4% in the first quarter. Vanguard Group Inc. now owns 16,099,968 shares of the real estate investment trust’s stock valued at $1,001,740,000 after buying an additional 380,735 shares during the period. BlackRock Inc. increased its position in shares of W.P. Carey by 4,264.3% in the first quarter. BlackRock Inc. now owns 6,517,625 shares of the real estate investment trust’s stock valued at $405,525,000 after buying an additional 6,368,287 shares during the period. State Street Corp increased its position in shares of W.P. Carey by 5.0% in the first quarter. State Street Corp now owns 1,937,604 shares of the real estate investment trust’s stock valued at $120,555,000 after buying an additional 91,493 shares during the period. UBS Group AG increased its position in shares of W.P. Carey by 0.4% in the first quarter. UBS Group AG now owns 1,606,441 shares of the real estate investment trust’s stock valued at $99,952,000 after buying an additional 6,652 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of W.P. Carey by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,343,732 shares of the real estate investment trust’s stock valued at $83,606,000 after buying an additional 21,224 shares during the period. Institutional investors own 49.40% of the company’s stock.

W.P. Carey Inc. (NYSE WPC) traded down 0.15% during mid-day trading on Friday, hitting $65.87. The company had a trading volume of 259,289 shares. The firm has a market cap of $7.04 billion, a P/E ratio of 25.36 and a beta of 0.88. The stock’s 50 day moving average price is $67.29 and its 200 day moving average price is $64.32. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $69.00.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by $0.56. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The business had revenue of $221.52 million during the quarter, compared to the consensus estimate of $221.19 million. During the same period last year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 6.07%. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, June 28th. W.P. Carey’s dividend payout ratio is 154.44%.

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Several research analysts have weighed in on WPC shares. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Tuesday, May 23rd. ValuEngine downgraded W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company restated a “market perform” rating and issued a $69.00 price target (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Finally, Evercore ISI downgraded W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $67.75.

W.P. Carey Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Institutional Ownership by Quarter for W.P. Carey (NYSE:WPC)

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