Capital Investment Advisory Services LLC Purchases 362 Shares of WP Carey Inc (WPC)

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Capital Investment Advisory Services LLC lifted its position in shares of WP Carey Inc (NYSE:WPC) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,115 shares of the real estate investment trust’s stock after buying an additional 362 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in WP Carey were worth $334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its position in shares of WP Carey by 2.5% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 6,144 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 150 shares during the last quarter. Certified Advisory Corp boosted its position in shares of WP Carey by 13.3% in the fourth quarter. Certified Advisory Corp now owns 1,360 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 160 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of WP Carey by 1.1% in the fourth quarter. Advisors Asset Management Inc. now owns 14,752 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 162 shares during the last quarter. Horan Capital Advisors LLC. boosted its position in shares of WP Carey by 0.4% in the fourth quarter. Horan Capital Advisors LLC. now owns 42,064 shares of the real estate investment trust’s stock worth $2,748,000 after acquiring an additional 165 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. boosted its position in shares of WP Carey by 53.3% in the third quarter. Strategic Wealth Partners Ltd. now owns 512 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of WP Carey from a “sell” rating to a “hold” rating in a research report on Sunday, January 6th. ValuEngine raised shares of WP Carey from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, JPMorgan Chase & Co. initiated coverage on shares of WP Carey in a research report on Wednesday, December 19th. They set a “neutral” rating and a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. WP Carey currently has a consensus rating of “Hold” and a consensus target price of $70.81.

Shares of WPC stock opened at $75.49 on Monday. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 14.24 and a beta of 0.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.18 and a current ratio of 0.18. WP Carey Inc has a fifty-two week low of $59.23 and a fifty-two week high of $75.66.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.46%. This is a boost from WP Carey’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, December 28th. WP Carey’s payout ratio is 77.74%.

In other WP Carey news, Director Christopher Niehaus purchased 3,850 shares of WP Carey stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $66.08 per share, with a total value of $254,408.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.56% of the company’s stock.

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WP Carey Profile

Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of approximately $17 billion and a portfolio of operationally-critical commercial real estate that includes 1,186 net lease properties covering approximately 133 million square feet.

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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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