International Assets Investment Management LLC Buys 9,777 Shares of W.P. Carey Inc. $WPC

International Assets Investment Management LLC grew its stake in W.P. Carey Inc. (NYSE:WPC) by 156.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,025 shares of the real estate investment trust’s stock after buying an additional 9,777 shares during the period. International Assets Investment Management LLC’s holdings in W.P. Carey were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WPC. Laurel Wealth Advisors LLC bought a new position in shares of W.P. Carey in the 3rd quarter valued at approximately $26,000. Osbon Capital Management LLC acquired a new stake in W.P. Carey in the 2nd quarter worth approximately $32,000. GoalVest Advisory LLC lifted its holdings in W.P. Carey by 102.3% in the 3rd quarter. GoalVest Advisory LLC now owns 449 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 227 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in W.P. Carey during the third quarter worth approximately $30,000. Finally, Farmers & Merchants Investments Inc. boosted its position in W.P. Carey by 150.0% during the third quarter. Farmers & Merchants Investments Inc. now owns 475 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on WPC shares. UBS Group reiterated a “neutral” rating on shares of W.P. Carey in a report on Wednesday, July 29th. Benchmark assumed coverage on shares of W.P. Carey in a report on Tuesday, September 22nd. They set a “buy” rating for the company. BMO Capital Markets reiterated an “outperform” rating on shares of W.P. Carey in a research note on Wednesday, October 28th. Scotiabank lowered their target price on shares of W.P. Carey from $76.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 24th. Finally, Jefferies Financial Group initiated coverage on shares of W.P. Carey in a report on Tuesday, September 22nd. They issued a “buy” rating and a $73.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

W.P. Carey Stock Performance

Shares of NYSE WPC opened at $65.50 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $66.16 and its two-hundred day moving average is $70.77. The company has a market cap of $15.07 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.78 and a beta of 0.75. W.P. Carey Inc. has a 12 month low of $62.19 and a 12 month high of $77.22.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). W.P. Carey had a return on equity of 7.67% and a net margin of 35.60%. The business had revenue of $468.30 million for the quarter, compared to analyst estimates of $457.57 million. During the same quarter last year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that W.P. Carey Inc. will post 5.07 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 5.8%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, September 30th. W.P. Carey’s payout ratio is presently 131.03%.

About W.P. Carey

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.