RMR Advisors LLC purchased a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,200 shares of the real estate investment trust’s stock, valued at approximately $485,000.

Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of W.P. Carey by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 349,785 shares of the real estate investment trust’s stock worth $21,764,000 after purchasing an additional 50,736 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of W.P. Carey by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 755,971 shares of the real estate investment trust’s stock worth $49,902,000 after purchasing an additional 22,204 shares during the period. Kempen Capital Management N.V. boosted its holdings in shares of W.P. Carey by 33.7% during the second quarter. Kempen Capital Management N.V. now owns 41,668 shares of the real estate investment trust’s stock worth $2,751,000 after purchasing an additional 10,514 shares during the period. Pring Turner Capital Group Inc. boosted its holdings in shares of W.P. Carey by 7.7% during the second quarter. Pring Turner Capital Group Inc. now owns 36,355 shares of the real estate investment trust’s stock worth $2,400,000 after purchasing an additional 2,585 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of W.P. Carey by 14.7% during the second quarter. First Trust Advisors LP now owns 78,294 shares of the real estate investment trust’s stock worth $5,168,000 after purchasing an additional 10,030 shares during the period. Institutional investors and hedge funds own 48.42% of the company’s stock.

Several research firms recently commented on WPC. Zacks Investment Research cut shares of W.P. Carey from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. Robert W. Baird initiated coverage on shares of W.P. Carey in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 target price for the company. BidaskClub cut shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $70.00.

Shares of W.P. Carey Inc. (NYSE WPC) opened at 67.9437 on Wednesday. The firm has a market capitalization of $7.26 billion, a PE ratio of 26.1624 and a beta of 0.86. The firm has a 50-day moving average of $68.78 and a 200-day moving average of $66.86. W.P. Carey Inc. has a 1-year low of $55.77 and a 1-year high of $70.38.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share 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 firm had revenue of $221.52 million for the quarter, compared to analyst estimates of $221.19 million. During the same period last year, the company earned $1.24 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a dividend of $1.005 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $4.02 dividend on an annualized basis and a yield of 5.90%. This is an increase from W.P. Carey’s previous quarterly dividend of $1.00. W.P. Carey’s dividend payout ratio is 155.21%.

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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.

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

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