US Bancorp DE Has $2.62 Million Position in W.P. Carey Inc. REIT (WPC)

US Bancorp DE lifted its stake in shares of W.P. Carey Inc. REIT (NYSE:WPC) by 38.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,974 shares of the real estate investment trust’s stock after purchasing an additional 10,633 shares during the quarter. US Bancorp DE’s holdings in W.P. Carey Inc. REIT were worth $2,616,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA raised its stake in shares of W.P. Carey Inc. REIT by 9.1% during the 4th quarter. Berkshire Asset Management LLC PA now owns 293,092 shares of the real estate investment trust’s stock valued at $20,194,000 after purchasing an additional 24,344 shares during the period. IFP Advisors Inc increased its stake in W.P. Carey Inc. REIT by 6.7% in the 4th quarter. IFP Advisors Inc now owns 48,185 shares of the real estate investment trust’s stock worth $3,320,000 after acquiring an additional 3,046 shares during the last quarter. Griffin Asset Management Inc. bought a new position in W.P. Carey Inc. REIT in the 3rd quarter worth about $602,000. JPMorgan Chase & Co. increased its stake in W.P. Carey Inc. REIT by 37.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 394,251 shares of the real estate investment trust’s stock worth $27,026,000 after acquiring an additional 106,410 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in W.P. Carey Inc. REIT by 10.4% in the 3rd quarter. California Public Employees Retirement System now owns 184,644 shares of the real estate investment trust’s stock worth $12,443,000 after acquiring an additional 17,444 shares during the last quarter. Institutional investors own 48.58% of the company’s stock.

A number of brokerages have weighed in on WPC. Zacks Investment Research lowered W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird began coverage on W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 target price on the stock. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Finally, Evercore ISI lowered W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $70.00.

W.P. Carey Inc. REIT (NYSE:WPC) opened at $60.36 on Thursday. The firm has a market capitalization of $6,540.00, a PE ratio of 26.02, a price-to-earnings-growth ratio of 3.32 and a beta of 0.81. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. REIT has a one year low of $59.23 and a one year high of $72.41.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $1.01 dividend. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.04 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend was Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio is currently 174.14%.

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About W.P. Carey Inc. REIT

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 Inc. REIT (NYSE:WPC)

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