Two Sigma Investments LP Increases Position in W.P. Carey Inc. REIT (WPC)

Two Sigma Investments LP increased its holdings in W.P. Carey Inc. REIT (NYSE:WPC) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 63,315 shares of the real estate investment trust’s stock after buying an additional 7,298 shares during the period. Two Sigma Investments LP’s holdings in W.P. Carey Inc. REIT were worth $4,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WPC. American International Group Inc. bought a new stake in W.P. Carey Inc. REIT in the fourth quarter worth $152,000. AlphaStar Capital Management LLC bought a new position in W.P. Carey Inc. REIT during the fourth quarter valued at $200,000. Opus Capital Group LLC bought a new position in W.P. Carey Inc. REIT during the fourth quarter valued at $201,000. LVW Advisors LLC bought a new position in W.P. Carey Inc. REIT during the fourth quarter valued at $201,000. Finally, Wedbush Securities Inc. bought a new position in W.P. Carey Inc. REIT during the fourth quarter valued at $214,000. Institutional investors own 50.32% of the company’s stock.

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W.P. Carey Inc. REIT stock opened at $60.59 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.34. W.P. Carey Inc. REIT has a 1 year low of $59.23 and a 1 year high of $72.41. The firm has a market cap of $6,542.03, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.83 and a beta of 0.85.

W.P. Carey Inc. REIT (NYSE:WPC) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. The business had revenue of $196.96 million for the quarter, compared to analysts’ expectations of $210.92 million. W.P. Carey Inc. REIT had a net margin of 36.17% and a return on equity of 8.05%. The business’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. equities research analysts expect that W.P. Carey Inc. REIT will post 4.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $1.015 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.06 dividend on an annualized basis and a dividend yield of 6.70%. W.P. Carey Inc. REIT’s dividend payout ratio is presently 158.43%.

A number of research firms have weighed in on WPC. Capital One Financial reiterated an “equal weight” rating on shares of W.P. Carey Inc. REIT in a research report on Sunday, February 25th. Zacks Investment Research upgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, March 20th. Evercore ISI cut shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Finally, ValuEngine cut shares of W.P. Carey Inc. REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. W.P. Carey Inc. REIT currently has a consensus rating of “Hold” and a consensus target price of $70.00.

In related news, Director Peter Farrell purchased 2,035 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were purchased at an average cost of $61.88 per share, for a total transaction of $125,925.80. Following the completion of the acquisition, the director now owns 4,378 shares in the company, valued at approximately $270,910.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher Niehaus purchased 4,000 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was bought at an average price of $62.28 per share, for a total transaction of $249,120.00. Following the completion of the acquisition, the director now owns 5,188 shares of the company’s stock, valued at approximately $323,108.64. The disclosure for this purchase can be found here. Corporate insiders own 1.32% of the company’s stock.

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W.P. Carey Inc. REIT 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 Inc. REIT (NYSE:WPC)

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