6,987 Shares in W.P. Carey Inc. $WPC Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in W.P. Carey Inc. (NYSE:WPC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,987 shares of the real estate investment trust’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of W.P. Carey by 22.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 153,462 shares of the real estate investment trust’s stock worth $10,429,000 after purchasing an additional 27,734 shares in the last quarter. Swedbank AB raised its stake in W.P. Carey by 124.2% during the 4th quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock valued at $8,743,000 after purchasing an additional 75,253 shares during the period. Jupiter Asset Management Ltd. purchased a new position in W.P. Carey in the 4th quarter worth approximately $41,638,000. Principal Financial Group Inc. lifted its holdings in W.P. Carey by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 488,973 shares of the real estate investment trust’s stock worth $33,231,000 after purchasing an additional 17,812 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in W.P. Carey by 8.4% in the 4th quarter. Hsbc Holdings PLC now owns 922,540 shares of the real estate investment trust’s stock worth $59,370,000 after purchasing an additional 71,463 shares during the period. 73.73% of the stock is currently owned by institutional investors.

W.P. Carey Stock Up 0.6%

NYSE WPC opened at $71.59 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market capitalization of $16.31 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.55 and a beta of 0.75. W.P. Carey Inc. has a one year low of $63.08 and a one year high of $77.22. The stock has a 50 day moving average price of $72.63 and a 200-day moving average price of $72.57.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio (DPR) is 128.33%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WPC shares. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.P. Carey in a report on Friday, July 31st. BMO Capital Markets decreased their price target on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada increased 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 report on Thursday, July 30th. Finally, Evercore set a $77.00 price objective on W.P. Carey in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, W.P. Carey has an average rating of “Hold” and a consensus target price of $79.38.

W.P. Carey 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.