W.P. Carey Inc. $WPC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in W.P. Carey Inc. (NYSE:WPC) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 737,660 shares of the real estate investment trust’s stock after selling 95,753 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.32% of W.P. Carey worth $47,675,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WPC. Kestra Private Wealth Services LLC lifted its holdings in W.P. Carey by 0.7% during the first quarter. Kestra Private Wealth Services LLC now owns 21,474 shares of the real estate investment trust’s stock worth $1,459,000 after acquiring an additional 146 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in W.P. Carey by 1.1% in the second quarter. Concurrent Investment Advisors LLC now owns 13,818 shares of the real estate investment trust’s stock valued at $988,000 after acquiring an additional 148 shares during the period. Vanderbilt University grew its stake in W.P. Carey by 1.1% in the first quarter. Vanderbilt University now owns 14,968 shares of the real estate investment trust’s stock valued at $1,017,000 after acquiring an additional 162 shares during the period. Mystic Asset Management Inc. increased its holdings in shares of W.P. Carey by 4.5% in the third quarter. Mystic Asset Management Inc. now owns 4,626 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 200 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC increased its holdings in shares of W.P. Carey by 0.9% in the third quarter. Inspirion Wealth Advisors LLC now owns 22,644 shares of the real estate investment trust’s stock worth $1,464,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

W.P. Carey Price Performance

Shares of NYSE WPC opened at $64.49 on Friday. The company has a fifty day moving average price of $67.45 and a 200 day moving average price of $71.18. The firm has a market cap of $14.69 billion, a PE ratio of 22.01, a PEG ratio of 3.16 and a beta of 0.75. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.01. W.P. Carey Inc. has a 1-year low of $62.24 and a 1-year high of $77.22.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.95 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.94. This represents a $3.80 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, September 30th. W.P. Carey’s payout ratio is currently 129.69%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WPC. Jefferies Financial Group began coverage on W.P. Carey in a research report on Tuesday, September 22nd. They set a “buy” rating and a $73.00 price target on the stock. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research report on Friday, September 25th. Barclays decreased their price objective on W.P. Carey from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday. Benchmark began coverage on W.P. Carey in a research note on Tuesday, September 22nd. They set a “buy” rating for the company. Finally, Evercore set a $75.00 target price on shares of W.P. Carey in a report on Monday, September 21st. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

W.P. Carey Profile

W.P. Carey Inc (NYSE: WPC) is a real estate investment trust specializing in the ownership and management of commercial properties under long-term, net lease agreements. In a net lease arrangement, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate rental income with relatively predictable operating expenses.

The company’s portfolio is diversified across industrial, warehouse, retail, self-storage and other commercial properties.